The "tragedy of the commons" refers to
A)the inability of lower income groups to achieve a higher level of education.
B)the absence of incentives to prevent the overuse of a common resource that arises when its users have no incentive to conserve it and use it sustainably.
C)the acceptance of deplorable working conditions by those who lack the human capital to obtain a better job.
D)the tendency for bureaucrats to maximize their budget.
E)farmers who allow their livestock to overgraze their fields.

Question

Quizplus · Accepted Answer

The "tragedy of the commons" refers to the situation where a common resource is overused and depleted because its users have no incentive to conserve it and use it sustainably. This can lead to the destruction of the resource for everyone. The term was first used by biologist Garrett Hardin to describe the depletion of common grazing land by farmers who allow their livestock to overgraze the land.

The "Tragedy of the Commons" Refers to