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Questions and Answers
Which of the following is an example of a common good?
Which of the following is an example of a common good?
- Wildlife (correct)
- Furniture
- National defense
- Private property
What is a characteristic of common goods?
What is a characteristic of common goods?
- They are primarily used in private sectors.
- They are owned by individuals.
- They are abundantly available.
- They are non-excludable and rivalrous. (correct)
Why can common goods be difficult to manage?
Why can common goods be difficult to manage?
- They often have government restrictions.
- They are universally available without any limitations.
- They have a limited availability and encourage overuse. (correct)
- They require significant maintenance costs.
Which scenario best illustrates the challenge of common goods?
Which scenario best illustrates the challenge of common goods?
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What happens when common goods are overused?
What happens when common goods are overused?
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