Tragedy of the Commons Quiz

According to the text, how long have sharks and other fish been living in our oceans?

• 100 years

• 300,000 years

• 1 billion years

• 400 million years

Who originated the theory of the tragedy of the commons?

• William Forster Lloyd

• Adam Smith

• Karl Marx

• John Maynard Keynes

What is the best solution to the tragedy of the commons according to the text?

• Privatization

• Social norms

• All of the above

• State Regulation

What can be a possible consequence of not sharing the same values in a social contract?

• Increased cooperation

• Decreased exploitation

• Social norms

• Fall apart of the contract

What is the main purpose of state regulation in protecting the commons?

• Limit the amount of commons available

• Reduce taxes

• Increase exploitation

• Create negative externalities

What is the main purpose of privatization in protecting the commons?

• Increase exploitation

• Limit the amount of commons available

• Reduce taxes

• Ensure its sustainability

What is the main purpose of social norms in protecting the commons?

• Create negative externalities

• Limit the amount of commons available

• Ensure its sustainability

• Increase exploitation

What is the main purpose of fishing quotas in protecting the commons?

• Create negative externalities

• Limit the amount of commons available

• Increase exploitation

• Ensure that those that take, also pay the bill

What is the main purpose of taxes in protecting the commons?

• Increase exploitation

• Ensure that those that take, also pay the bill

• Create negative externalities

• Limit the amount of commons available

What is the main purpose of complex social norms in protecting the commons?

• Limit the amount of commons available

• Increase exploitation

• Ensure that those that take, also pay the bill

• Create negative externalities