Common property is

A. property that has mineral or oil deposits.
B. property owned by a group such as a club.
C. a resource that everyone is free to use as much as they want.
D. property that has little economic value.

Answer: C

Economics

You might also like to view...

Katy has an ailing and wealthy, but miserly, parent. The parent has told Katy that if she takes care of him until he dies, then she will get $100,000 in inheritance

Katy knows that there is only a 50-50 chance that her father will leave her the full amount or nothing. To take care of her father, she has to take a job that pays $30,000 where her current job pays her $70,000 per year. If her father is expected to pass away in 1 year, what is Katy's expected wealth if she takes care of her father? A) $130,000 B) $90,000 C) $80,000 D) $70,000

Economics

Fear of a major recession causes stock prices to fall, everything else held constant, which in turn causes consumer spending to

A) increase. B) remain unchanged. C) decrease. D) cannot be determined.

Economics