When the Pilgrims first arrived in North America, they established communal ownership of all pastures and of all agricultural production. As is common with communal ownership, this communal ownership by the Pilgrims resulted in
A) underproduction and underconsumption.
B) underproduction and overconsumption.
C) overproduction and underconsumption.
D) overproduction and overconsumption.

Question

Quizplus · Accepted Answer

Communal ownership often leads to underproduction due to lack of individual incentives to produce more, and overconsumption because individuals have less incentive to conserve resources that are freely available to all.

When the Pilgrims First Arrived in North America, They Established