For Both Public Goods and Common Resources,an Externality Arises Because

question 196

Multiple Choice

For both public goods and common resources,an externality arises because

• A)something of value has no price attached to it.
• B)supply exceeds demand.
• C)cost-benefit analysis can only measure the cost of the free-rider problem.
• D)Both a and b are correct.

Understand the processes involved in decomposition and the role of decomposers in nutrient cycling.

Grasp the complexities of biogeochemical cycles, including carbon and nitrogen cycles, and the human impact on these cycles.

Understand the different types of ecosystem services (provisioning, regulating, supporting, and cultural).

Recognize the importance and limitations of each ecosystem cycle (e.g., nitrogen, phosphorus, sulfur).

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