Which example is BEST characterized as a common resource?
A)national defense
B)a bottle opener
C)a dorm kitchen
D)a pair of boots

Question

Quizplus · Accepted Answer

A common resource is a good or service that is non-excludable but rivalrous, meaning that it is accessible to everyone but can be depleted or congested if overused. A dorm kitchen fits this description as it is accessible to all residents of the dorm but can become congested if too many people are using it at once or if individuals are not considerate with their use. National defense is a public good, a bottle opener is a private good, and a pair of boots is a club good.

Which Example Is BEST Characterized as a Common Resource