When Comparing the Characteristics of Common Resources and Artificially Scarce

question 85

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)artificially scarce goods are rival in consumption (while common resources are not)and common resources are excludable (while artificially scarce goods are not).
• D)common resources are rival in consumption (while artificially scarce goods are not)and artificially scarce goods are excludable (while common resources are not).

---

Definitions:

Sixth Child

This term refers to the child born in the sixth position in birth order within a family.

Previous Children

Refers to a person's children born in earlier relationships or the children someone had in past moments or settings.

Cognitive Revolution

A significant shift in psychology during the mid-20th century, focusing on the study of mental processes such as thinking, memory, and language.

Mental Processes

Mental Processes are the internal, covert activities of our minds, such as thinking, feeling, and remembering.