Common goods MC.docx

**1. What is the core issue in \"The Tragedy of the Commons\"?** - A\) Shared benefits but individual costs - B\) Shared resources being overused for individual gain - C\) Equal distribution of resources to all users - D\) Unlimited resources that can support an infinite population\...

**1. What is the core issue in \"The Tragedy of the Commons\"?** - A\) Shared benefits but individual costs - B\) Shared resources being overused for individual gain - C\) Equal distribution of resources to all users - D\) Unlimited resources that can support an infinite population\ **Answer**: B **2. Which of the following is an example of a Toll Good?** - A\) A shared fishing pond - B\) Netflix subscription - C\) Air pollution - D\) Public park\ **Answer**: B **3. Which of the following best describes a Common Good?** - A\) Excludable and non-rivalrous - B\) Non-excludable and non-rivalrous - C\) Non-excludable and rivalrous - D\) Excludable and rivalrous\ **Answer**: C **4. What happens when herdsmen overgraze a shared pasture in the \"Tragedy of the Commons\" example?** - A\) It increases wealth for all users - B\) It benefits only the herdsman adding the extra cattle, but harms others - C\) It decreases the overall cost of maintaining the pasture - D\) It has no effect on the overall pasture quality\ **Answer**: B **5. What is an example of a Private Good?** - A\) Clean air - B\) Popcorn at a movie theater - C\) National defense - D\) A peaceful environment\ **Answer**: B **6. According to the document, how is pollution related to the commons?** - A\) It is about extracting resources from the commons - B\) It is about adding waste into the commons, like pollutants or chemicals - C\) It has no impact on the commons - D\) It only affects private goods\ **Answer**: B **7. Which of the following is a challenge in addressing climate change through mutual coercion(regulations and taxes)?** - A\) Lack of awareness about climate change - B\) Difficulty in globally enforcing environmental regulations - C\) Not enough scientific evidence about climate change - D\) High public support for regulations\ **Answer**: B **8. What is the purpose of carbon taxation?** - A\) To reduce the price of carbon emissions - B\) To increase the individual costs of carbon emissions - C\) To encourage more use of fossil fuels - D\) To make carbon more accessible for industries\ **Answer**: B **9. What is one key feature of Elinor Ostrom\'s solution to managing common resources?** - A\) Top-down government control - B\) Privatization of common resources - C\) Self-governance by communities - D\) Unlimited use of resources without rules\ **Answer**: C **10. Which of the following is NOT one of the design principles for community-based resource management according to Elinor Ostrom?** - A\) Local rules matching local conditions - B\) Boundaries for both users and resources - C\) High taxation on resource use - D\) Monitoring and sanctions for rule violators\ **Answer**: C **11. Why is scaling bottom-up institutions (like community management) globally difficult?** - A\) Communities tend to resist cooperation - B\) Each common resource is unique, and rules need to be context-specific - C\) Bottom-up institutions are only meant for small towns - D\) Global enforcement requires high levels of taxation\ **Answer**: B **12. Which of the following is a challenge when trying to manage emissions through a bottom-up approach?** - A\) There are no effective ways to monitor emissions - B\) The approach lacks trust and cooperation between community members - C\) There are no financial incentives for community members - D\) Emissions do not affect local communities\ **Answer**: B