Question 1
A common resource is
◦ excludable and rival in consumption.
◦ nonexcludable and rival in consumption.
◦ excludable and nonrival in consumption.
◦ nonexcludable and nonrival in consumption.
Question 2
A resource that is nonexcludable and rival in consumption is a
◦ private resource.
◦ public resource.
◦ common resource.
◦ government resource.