An Example of a Common Resource Is

question 71

Multiple Choice

An example of a common resource is

• A) sunlight.
• B) public grazing land.
• C) an amusement park.
• D) cable television.

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Definitions:

National Income

Total income earned by resource suppliers for their contributions to gross domestic product plus taxes on production and imports; the sum of wages and salaries, rent, interest, profit, proprietors’ income, and such taxes.

Developing Countries

Nations with a lower level of industrialization, lower living standards, and lower Human Development Index (HDI) than developed countries.

Per Capita Income

This is the average income earned per person in a given area in a specified year.

Developing Nations

Countries that are in the process of industrialization and have lower per capita income levels compared to developed countries.