Under which of the following scenarios would a park be considered a common resource?
A) Visitors to the park must pay an admittance fee, but there are always plenty of empty picnic tables.
B) Vistors to the park must pay an admittance fee and frequently all of the picnic tables are in use.
C) Visitors can enter the park free of charge and there are always plenty of empty picnic tables.
D) Visitors can enter the park free of charge, but frequently all of the picnic tables are in use.
Correct Answer:
Verified
Q51: Labor is a
A) private good.
B) club good.
C)
Q52: Which of the following goods is rival
Q323: Which of the following goods is excludable
Q343: A pizza is
A)excludable and rival in consumption.
B)excludable
Q347: A streetlight is a
A)private good.
B)club good.
C)common resource.
D)public
Q352: A vacation home in Malibu is
A)not rival
Q354: A congested side street in your neighborhood
Q355: At the local park there is a
Q357: At the local park there is a
Q358: A cable television broadcast of a movie
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents