Imagine a 200 Hectare Park with Picnic Benches, Trees, and a Pond

question 23

Multiple Choice

Imagine a 200 hectare park with picnic benches, trees, and a pond. Suppose it is publicly owned, and people are invited to enjoy its beauty. Of course, when the weather is nice it is difficult to find parking, and the rubbish bins overflow with food wrappers on summer afternoons. Otherwise, it is a great place. The park is a common resource because

• A) when rubbish bins overflow, a negative externality becomes a positive externality.
• B) it is not fenced to control access.
• C) if too many people use it, one person's use can prevent others from using it.
• D) you have to drive to get there and the car is a private good.

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Definitions:

Permanent Memory

A term often used colloquially to describe long-term memories that are believed to be stored indefinitely in the brain.

Occipital Lobe

The rearmost lobe in each cerebral hemisphere of the brain, responsible for processing visual information.

Hypothalamus

A small but crucial part of the brain involved in numerous bodily functions, including temperature regulation, thirst, hunger, sleep, mood, and the release of other hormones within the body.

Temperature Control

The process of maintaining an optimal and stable internal or external temperature in a living organism or environment.