Table: Example GoodsA WatermelonA LighthouseSmog ReductionOnline Video GamesCable Internet ServiceNational DefenseA Private BeachA Public BeachA PencilSoup Kitchen MealsA ChairToll HighwaysPublic RoadsReference: Ref 18-2(Table: Example Goods) Refer to the table. Which of thefollowing contains only common resources from the table?

Question

Quizplus · Accepted Answer

Common resources are those that are non-excludable and rival in consumption, meaning they are available to everyone and using them reduces the amount available for others. In the given table, only a public beach, soup kitchen meals, and public roads fit this criteria, as they are all resources that anyone can use without being excluded, and using them reduces the availability for others. The other options either include private goods, which are excludable and rival in consumption, or public goods, which are non-excludable and non-rival in consumption.