Using a Common Resource

question 99

Multiple Choice

Using a common resource:

• A)creates a positive externality for others.
• B)maximizes total surplus.
• C)is an irrational decision.
• D)imposes a negative externality on others.

---

Definitions:

Biomagnification

The process by which the concentration of toxic substances increases in each successive link in the food chain.

AIDS

Acquired Immunodeficiency Syndrome, a life-threatening condition caused by the human immunodeficiency virus (HIV), leading to a severely weakened immune system.

Outdoor Pollutants

Harmful substances present in the outdoor environment, often resulting from industrial activities, vehicle emissions, and natural sources, leading to air, water, and soil pollution.

Major Classes

Principal categories or groups into which items, organisms, or concepts are divided based on shared characteristics or properties.