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- Subject
- Public Goodseconomics-mcqs › public-goods
- Published
- 1 Jun 2019
- Last updated
- 28 May 2026
Which of the following best illustrates a common resource?
Multiple choice question for Public Goods. Select an option, then review the explanation below.
Explanation
Common resources are goods that are available for everyone to use but are limited in supply. A national park fits this description as it is accessible to the public but can be overused. Firework shows and national defense are public goods, while iron ore is a private resource.
More Public Goods MCQs
Practice related questions from the same subject.
- 1.What term describes a good from which individuals can be prevented from accessing or using it?
- 2.Which type of good is impacted by a negative externality in a way that reduces market efficiency?
- 3.Which type of good does a positive externality influence market efficiency similarly to?
- 4.Who is described as a free rider in economic terms?
- 5.Why do private markets struggle to supply public goods effectively?