Answered

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Which of the following refers to a problem in which every individual tries to reap the greatest benefit from a given resource?

A. tragedy of the commons
B. tragedy of the people
C. tragedy of the greed
D. tragedy of extinction

Sagot :

GinnyAnswer

Final answer:

The Tragedy of the Commons refers to the overexploitation of shared resources due to individual self-interest, illustrated through examples like fisheries depletion.


Explanation:

Tragedy of the Commons is an economic principle where resources held in common are overexploited due to individuals seeking their maximum benefit. This concept is exemplified by scenarios like depletion of fish stocks by independent fishermen in international waters.


Learn more about Tragedy of the Commons here:

https://brainly.com/question/42952668


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