An Example of a Common Resource Is

question 24

Multiple Choice

An example of a common resource is

• A) national defence.
• B) a bridge.
• C) whales in the ocean.
• D) a non-crowded cinema.
• E) All of the above are correct.

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Definitions:

Infant Industry

A new or emerging industry that may require protection and support to grow against international competition.

Trade Protection

Economic policies and measures designed to restrict international trade to protect domestic industries from foreign competition.

Foreign Competition

Economic rivalry that businesses face from producers located in other countries.

Net Loss

The amount by which total expenses exceed total revenues for a business or individual, indicating a negative financial performance.