Understanding the Tragedy of the Commons and Solutions

How long have sharks been living in the oceans compared to humans?

• Sharks: 400 million years, Humans: 300,000 years

• Sharks: 300,000 years, Humans: 400 million years

• Sharks: 1 million years, Humans: 500,000 years

• Sharks: 500,000 years, Humans: 1 million years

What is the tragedy of the commons?

• A situation where shared resources are preserved by all

• A situation where individuals act in self-interest, depleting shared resources

• A situation where resources are privatized for better management

• A situation where state regulation leads to resource depletion

Who originally proposed the theory of the tragedy of the commons?

• David Ricardo

• John Maynard Keynes

• William Forster Lloyd

• Adam Smith

Which solution involves turning common property into private property?

• Social norms

• International agreements

• State regulation

• Privatization

What combination of solutions is suggested for complex problems like ocean plastic pollution?

• Privatization and international agreements

• Social norms, privatization, and state regulation

• None of the above

• State regulation and social norms