When a city street is congested,it is
A)a common resource.
B)nonrival and nonexcludable.
C)nonrival and excludable.
D)a private good.
E)a public good.

Name: When a city street is congested,it is A)a common resource. B)nonrival and nonexcludable. C)nonrival and excludable. D)a private good. E)a public good.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

A congested city street is a common resource because it is rival (one person's use diminishes others' ability to use it) and nonexcludable (it's difficult to prevent people from using it).

When a City Street Is Congested,it Is