Which of the following statements is not correct?
A)Common resources are rival in consumption but are not excludable.
B)Uncongested toll roads are examples of club goods.
C)When African elephants were privatized, the survival of the species deteriorated.
D)National defense is not rival in consumption, nor is it excludable.

Question

Quizplus · Accepted Answer

Privatizing African elephants would mean that they are owned by individuals, and therefore, their survival would depend on the private interests of the owners. It is unlikely that private individuals would be keen on preserving a species that does not have any economic value. Therefore, privatization would lead to the extinction of African elephants. This makes the statement incorrect.

Which of the Following Statements Is Not Correct