Identify which of the following is a characteristic of a common pool resource.RegressiveExcludableRivalrousSustainableReport feedbackPrevious
Question
Identify which of the following is a characteristic of a common pool resource.
- Regressive
- Excludable
- Rivalrous
- Sustainable
Solution
The characteristic of a common pool resource from the options given is "Rivalrous".
Here's why:
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Regressive: This is a term often used in economics to describe a situation where the rich are taxed less than the poor, which is not related to common pool resources.
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Excludable: This refers to a good or service that one can prevent others from accessing or using. Common pool resources are typically non-excludable as they are open to all members of a particular community.
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Rivalrous: This means that the consumption of a good or service by one person reduces the amount available for others. This is a characteristic of common pool resources. For example, if one fisherman catches a fish in a common pond, that fish is no longer available for others to catch.
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Sustainable: While sustainability is a goal for managing common pool resources, it is not a characteristic. These resources can be overused and depleted.
So, the answer is "Rivalrous".
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