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Question :

In the question below, a statement is followed by some conclusions. A conclusion is something you draw out of the given statement. You have to consider the statement and the given conclusion and decide which of the conclusion is implicit in the statement.

Professor: Picture a pasture open to all. A herdsman grazing his animals on the land have an incentive to add another animal to his herd. And another; and another..But this is the conclusion reached by each and every rational herdsman sharing commons. Therein lies the tragedy.

Which of the following conclusions can most properly be drawn from the information above?

1. The commons should probably be replaced by systems of personal ownership.

2. The commons are somehow backward, characteristic of pastoral nomads.

3. The common resource is too extensive to keep people out very easily.

4. Each herdsman captures all the benefit from an extra animal but the cost of overgrazing is borne by all.

5. None of the above

Correct Answer : 4
Solution :

Tragedy of the commons clearly is that each herdsman would benefit from the addition of an extra animal graze around, but the cumulative loss of grazing potential of the pasture will be borne by all.

(a) This point is irrelevant to the lesson learned from the case.

(b) The characteristics of the commons are irrelevant.

(c) This point does not logically follow from the argument.

(d) This point highlights the twin aspects of individual gain and collective loss due to overuse of a common resource.

Hence, (d) is the right answer.

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