When Comparing the Characteristics of Common Resources and Artificially Scarce

question 100

Multiple Choice

When comparing the characteristics of common resources and artificially scarce goods, we find that:

• A) they are both nonrival in consumption.
• B) they are both excludable.
• C) common resources are nonrival in consumption (while artificially scarce goods are not), and artificially scarce goods are nonexcludable (while common resources are not).
• D) artificially scarce goods are nonrival in consumption (while common resources are not), and common resources are nonexcludable (while artificially scarce goods are not).

---

Definitions:

Worksheet

A paper or digital form used to organize data and calculate figures, often preliminary to the preparation of financial statements.

Operating Expense

A type of expenditure that a business incurs as a result of carrying out its day-to-day operations, excluding the cost of goods sold.

Goods Available for Sale

All the products that a company has in its inventory at the beginning of a period plus any purchases made during that period.