What is a common pool resource?
A)A good that is nonexcludable but rival in consumption.
B)A cost or benefit for stakeholders other than the actor undertaking an action.
C)An effect created by the interaction between two states.
D)A good that is nonexcludable and nonrival in consumption.
E)An international agency that monitors compliance with regulations.

Question

Quizplus · Accepted Answer

A common pool resource is a good that is nonexcludable but rival in consumption, meaning that it is available for use by anyone but its use by one person reduces the amount available for others. Examples include fish stocks, forests, and oil reserves.

What Is a Common Pool Resource