Asked by AZALEA RODRIGUEZ on May 01, 2024
Verified
A central concern about common resources is
A) overuse.
B) high production costs.
C) lack of profitability.
D) overproduction due to negative externalities.
Common Resources
Goods that are non-excludable and rival in consumption, such as fisheries, forests, and the atmosphere, which are accessible to all but can be depleted by overuse.
Overuse
Refers to the excessive use of a resource to the point where it diminishes its availability or quality.
- Perceive the qualities of ordinary resources, encompassing their troubles and workable solutions.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
A
Explanation :
Common resources often suffer from overuse because they are available to everyone and individuals don't bear the full cost of their consumption, leading to a depletion of the resource. This is known as the tragedy of the commons.
Learning Objectives
- Perceive the qualities of ordinary resources, encompassing their troubles and workable solutions.