A resource for which no exclusive property rights exist is called a _______ resource.
A) shared property
B) communal property
C) nonowner
D) common property

Question

Quizplus · Accepted Answer

A resource for which no exclusive property rights exist is commonly known as a common property resource. It is a type of property right that belongs to the community as a whole, and no individual or entity has complete control over it. Examples of common property resources include air, water, and fish in the ocean. Such resources are finite and are subject to misuse or overuse if not managed properly. Therefore, common property resources are usually subject to regulations and restrictions to ensure their sustainability and conservation for the benefit of everyone.

A Resource for Which No Exclusive Property Rights Exist Is