Congested roads are a good example of a:
A)public good
B)car prices that are too low
C)common resource
D)toll road

Question

Quizplus · Accepted Answer

Congested roads are a classic example of a common resource, which is a resource that is available to everyone but may be overused or depleted if not managed properly. In this case, if too many drivers use the road at the same time, traffic will slow down or come to a standstill, which imposes a cost on everyone through increased travel time, fuel consumption, and air pollution. Toll roads, on the other hand, are a way to address the problem of congestion by charging drivers a fee to use the road and reducing the number of cars on it. However, toll roads may not be politically feasible or economically viable in all cases, and they can create equity concerns if low-income drivers are excluded from using them. Therefore, managing common resources like roads requires a careful balance between providing access to everyone and ensuring that the resource is used in a sustainable way.

Congested Roads Are a Good Example of A