When comparing the characteristics of common resources and artificially scarce goods, we find that:
A) they are both nonrival in consumption.
B) they are both excludable.
C) common resources are nonrival in consumption (while artificially scarce goods are not), and artificially scarce goods are nonexcludable (while common resources are not).
D) artificially scarce goods are nonrival in consumption (while common resources are not), and common resources are nonexcludable (while artificially scarce goods are not).

Question

Quizplus · Accepted Answer

Artificially scarce goods are nonrival because one person's consumption does not reduce availability for others, but they are excludable. Common resources are nonexcludable but rival in consumption, as one person's use diminishes availability for others.

When Comparing the Characteristics of Common Resources and Artificially Scarce