Asked by
SENZO MDAKA
on Oct 26, 2024
Verified
Which example is BEST characterized as a common resource?
A) national defense
B) a bottle opener
C) a dorm kitchen
D) a pair of boots
Common Resource
A resource like air or water that is not owned by anyone, but its use is shared among a community or the public, often leading to overuse or depletion.
Private Market
A segment of the economic market where transactions occur between private individuals or organizations without significant government intervention.
- Acknowledge the issues linked with private sector supply of public goods and common resources.
Verified Answer
GK
Learning Objectives
- Acknowledge the issues linked with private sector supply of public goods and common resources.
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