Instruments that can be used to control overuse of a common resource include
A) standards.
B) taxes.
C) privatizing the resource.
D) all of the above

Question

Quizplus · Accepted Answer

Standards, taxes, and privatizing the resource are all instruments that can be used to control the overuse of a common resource. Standards can limit the amount of resource use, taxes can increase the cost of using the resource, thereby reducing demand, and privatizing the resource can lead to more efficient allocation and use through ownership incentives.

Instruments That Can Be Used to Control Overuse of a Common