Which example is BEST characterized as a common resource?
A) national defence
B) a bottle opener
C) a dorm kitchen
D) a pair of boots

Question

Quizplus · Accepted Answer

A common resource is a resource that is accessible to everyone, but its availability decreases as more people use it. A dorm kitchen fits this definition because it is accessible to all residents of the dorm, but its resources, such as pots and pans, decrease as more people use them. National defense is a public good, a bottle opener is a private good, and a pair of boots is a club good.

Which Example Is BEST Characterized as a Common Resource