Common pool resources differ from pure public goods in that
A) common pool resources are resources that cannot be renewed but the production of pure public goods can be increased at any time.
B) common pool resources are nonexcludable while pure public goods are excludable to those who do not pay of the good.
C) unlike pure public goods, common pool resources are rival in consumption.
D) common pool resources are collectively owned by a group of people while pure public goods are owned by the government.
C
You might also like to view...
The country of Stanley is at an above-full-employment equilibrium. Which of the following events will return Stanley to full employment?
A) an increase in government expenditures B) a decrease in the interest rate C) an increase in the money wage rate D) an increase in the quantity of money
The price of one currency in terms of another is the
A) price of gold. B) price of a SDR. C) foreign exchange rate. D) price of foreign stock.