A Resource That Is Publicly Owned and Allocated Under a System

question 4

Multiple Choice

A resource that is publicly owned and allocated under a system of unrestricted access is known as

• A)a socialist resource.
• B)a collective resource.
• C)a common property resource.
• D) a transferable resource.

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Definitions:

Logic

The study of principles of reasoning, especially of the structure of propositions and the nature of deductive inference.

Validity

The quality of being logically or factually sound; the extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Truth

The quality or state of being in accordance with fact or reality; it is often considered to be the ultimate standard by which reality is judged.

Hypothetical Syllogism

A deductive argument that contains two premises, at least one of which is a conditional statement.