Common resources differ from public goods in that

Question

Quizplus · Accepted Answer

Common resources are rivalrous, meaning that one person's use or consumption of the resource reduces the amount available for others. Public goods, on the other hand, are non-rivalrous. Option A is incorrect because both common resources and public goods are non-excludable. Option C is incorrect because public goods can be provided by either the government or private entities. Option D is incorrect because while some common resources may not be renewable (such as fossil fuels), others may be (such as fish stocks). Similarly, while the production of some public goods may be limited by factors such as technology or resources, for others it can be increased.

Common Resources Differ from Public Goods in That