Common Resources Tend to Be Overused Because

question 141

Multiple Choice

Common resources tend to be overused because:

• A)individuals tend to ignore the cost their use of the resource has on others.
• B)the individual marginal cost is greater than the marginal social cost.
• C)common resources are nonrival and nonexcludable.
• D)the marginal cost of allowing one more unit of consumption is zero.

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Definitions:

Developmental Change

Developmental change encompasses the physical, cognitive, and emotional growth and transformations that occur in human beings throughout their lifespan, from birth to old age.

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Political Beliefs

The convictions or opinions held by individuals regarding political matters, including governance, policies, and ideologies.