Why is the tragedy of the commons a challenge to Adam Smith's "invisible hand" argument, according to Hardin?

a. It shows that people do not act rationally.
b. It questions the basic premise on which capitalism is constructed.
c. It shows that the establishment of stability and security can have unintended consequences.
d. It invalidates Smith's core assumption that individually rational decisions will produce outcomes that are collectively beneficial.


d

Political Science

You might also like to view...

Federal judges are appointed by the president and confirmed by the ____________________

Fill in the blank(s) with correct word

Political Science

During the first three years of the economic recovery following the Great Recession, the top 1 percent of Americans enjoyed __________ percent of the national income

a. 65 b. 85 c. 95 d. 100

Political Science

Hungary, after going through its democratic transition in the 1990s, established a system of judicial review similar to Germany's and the one in the United States

Indicate whether this statement is true or false.

Political Science

Federal courts have been leaders in __________.

A. protecting civil and political liberties B. establishing traffic violations C. implementing the death penalty D. defining terms for the medicinal use of marijuana

Political Science