Dicta Is The

question 30

Multiple Choice

Dicta is the:

• A)rule of law in a case opinion.
• B)case cite.
• C)discussion of a decision.
• D)precedent in a case.
• E)none of the above.

---

Definitions:

Common Resources

Resources that are accessible to all members of a society but are susceptible to overutilization and depletion.

Private Good

A product or service that is excludable and rival in consumption, meaning only those who pay for it can consume it, and one person’s consumption prevents another's.

Common Resource

A type of good that is non-excludable but rivalrous, meaning it's available to everyone but its consumption by one individual diminishes its availability for others.

Tragedy of the Commons

A situation where individual users, acting independently according to their own self-interest, deplete or spoil shared resources, even though it is not in anyone's long-term interest.