Which of the Following Would Be Considered a Common Resource

question 63

Multiple Choice

Which of the following would be considered a common resource good?

• A)cable television
• B)bottled natural mineral water
• C)a congested public park
• D)electricity consumption by a household

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Definitions:

Mine

In a business context, mine refers to an excavation in the earth for extracting minerals or metals, a significant source of resources and industrial materials.

Depletion

The allocation of the cost of natural resources over the period they are consumed or sold.

Residual Value

The estimated value that an asset will realize upon its sale at the end of its useful life, after deducting the cost of disposal.