Imagine a 2,000-Acre Park with Picnic Benches,trees,and a Pond

question 105

Multiple Choice

Imagine a 2,000-acre park with picnic benches,trees,and a pond.Suppose it is publicly owned,and people are invited to enjoy its beauty.When the weather is nice,it is difficult to find parking,and the trash cans overflow with food wrappers on summer afternoons.Otherwise,it is a great place.The park is a common resource because

• A)trash cans produce a negative externality, while good weather produces a positive externality.
• B)access is limited due to driving distances.
• C)if too many people use it, one person's use can prevent others from using it.
• D)it is easy to fence in the park to control access.

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Definitions:

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The process by which individuals interpret and organize sensation to produce a meaningful experience of the world.

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An individual's perception of themselves, consisting of beliefs, feelings, and thoughts about one's identity and personal worth.

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The process through which individuals develop their views and opinions about something.

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