When Comparing the Characteristics of Common Resources and Artificially Scarce

question 100

Multiple Choice

When comparing the characteristics of common resources and artificially scarce goods, we find that:

• A) they are both nonrival in consumption.
• B) they are both excludable.
• C) common resources are nonrival in consumption (while artificially scarce goods are not), and artificially scarce goods are nonexcludable (while common resources are not).
• D) artificially scarce goods are nonrival in consumption (while common resources are not), and common resources are nonexcludable (while artificially scarce goods are not).

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Definitions:

Stereotyping

The act of assigning fixed, oversimplified images or ideas to specific groups or individuals, often based on limited or biased information.

Offensive

Something that causes someone to feel hurt, angry, or upset; often related to behavior or language.

Threatening

Expressing or implying a potential cause of harm, danger, or intimidation to others.

Defensive

Behaving in a manner aimed at protecting oneself from criticism, challenge, or accusation.