People in a rural community share a forest. By agreement, each family can cut 10 trees per year for

personal use. One year, one person cuts 20 trees to build a shop that's nicer than the neighbor's shop. The

new shop flourishes, and despite the general disapproval, nothing is done to punish the cheater. The

neighbor, seeing this, decides that it's okay to go ahead and take 25 trees. Other neighbors follow suit. After

a few years, the forest plot is gone, and everybody must travel much farther for wood. What's this an

example of?

O A Natural Law of the Land

OB. Tragedy of the Commons

OC. Voluntary approach to environmental policy

O D. Conservation Property RightS

Since the forest plot has been depleted (gone) and everybody must travel much farther for wood, this is an example of: B. Tragedy of the Commons.

What is Tragedy of the Commons?

Tragedy of the Commons can be defined as an economic situation in which individuals with access to a shared (common pool) resource act in their own selfish interest while retroactively depleting this resource.

This ultimately implies that, it is an economic problem of overconsumption by individuals sharing a common resource and it eventually leads to the depletion of the resource.

Read more on Tragedy of the Commons here: https://brainly.com/question/22075885

#SPJ2