Which of the following statements is not correct?
A)A free rider is a person who benefits from something for which he or she does not have to pay.
B)The creation of general knowledge is a public good.
C)The Tragedy of the Commons illustrates the underuse of a common resource.
D)A gasoline tax is an imperfect solution to the problem of traffic congestion on public roads.

Question

Quizplus · Accepted Answer

The Tragedy of the Commons illustrates the overuse of a common resource, not the underuse. This occurs when individuals exploit a shared resource, leading to depletion or degradation of the resource over time.

Which of the Following Statements Is Not Correct