Which of the following statements is correct?
A)Common resources are excludable but nonrival in consumption.
B)National defense is an example of the Tragedy of the Commons.
C)When African elephants were privatized, the survival of the species improved.
D)Well established property rights are unnecessary because government can provide goods more efficiently than private markets.

Question

Quizplus · Accepted Answer

Privatization of African elephants led to better management and conservation efforts, improving their survival rates.

Which of the Following Statements Is Correct