What Is a Common-Pool Resource

question 62

Multiple Choice

What is a common-pool resource?

• A)A good that is nonexcludable but rival in consumption
• B)A cost or benefit for stakeholders other than the actor undertaking an action
• C)An effect created by the interaction between two states
• D)A good that is nonexcludable and nonrival in consumption

---

Definitions:

Property Rights

The rights and entitlements relating to the ownership and use of land and other forms of property.

Legal Formalities

Specific procedures or requirements prescribed by law for validating contracts, agreements, or other legal instruments.

Testator

An individual who has made a will or testament to bequeath their estate upon their death.

Executed

Completed or carried out fully; in legal terms, often refers to fully signed contracts or executed legal documents.