A Common Resource Is a Good That Is

question 78

Multiple Choice

A common resource is a good that is:

• A)excludable and rival in consumption.
• B)nonexcludable and rival in consumption.
• C)excludable and nonrival in consumption.
• D)nonexcludable and nonrival in consumption.

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Definitions:

Payee

A person or entity who is to receive money.

Drawer

In banking and finance, the person or entity that writes a check or draft instructing a drawee to pay a specified sum to a third party.

Negotiable

Capable of being transferred from one person to another through endorsement or delivery, often used in the context of negotiable instruments like checks.

Promise

A promise or guarantee to take a specific action or ensure a certain outcome.