Asked by Kevin Nguyen on May 11, 2024
Verified
In cases where a common resource is shared by many and technology is well developed,
A) overuse is more likely.
B) overuse is rarely problematic.
C) the resource becomes nonrival in consumption.
D) the resource becomes excludable.
Common Resource
A type of good that is rivalrous but non-excludable, meaning its use by one individual diminishes its availability for others, but no one can be effectively excluded from using it.
Overuse
Utilization of a resource or service to an extent that exceeds its sustainable capacity.
Nonrival
A property of certain goods where one person's consumption does not diminish the availability of the good for others.
- Comprehend the principle and attributes of common resources.
- Understand the concept of nonrivalry in consumption and its application to social goods and common resources.
Verified Answer
ZR
zacharya ranerMay 15, 2024
Final Answer :
A
Explanation :
Overuse is more likely in situations where a common resource is shared by many, especially when technology is well developed, because individuals may exploit the resource beyond its capacity to regenerate or sustain itself, leading to what is known as the "tragedy of the commons."
Learning Objectives
- Comprehend the principle and attributes of common resources.
- Understand the concept of nonrivalry in consumption and its application to social goods and common resources.