1. What are the economic similarities between the problem of the destruction of the

tropical rain forest, the near extinction of bison and the problem of overfishing?

2. What can be done to prevent economic problems like overfishing, species

endangerment and/or extinction, and excessive depletion of tropical rain forests?

Be specific.

3. Explain how the Covid pandemic resembles a "tragedy of the commons" problem

(otherwise known as a "common-pool" problem). What is the commonly owned

resource? Why is there a tendency for the commonly resource to be overused if

there is no government regulation? What measures can be taken to prevent

overuse? What are the consequences of not preventing overuse?