Consider a public road that anyone is allowed to drive on. If the road is often congested, the road would be considered aGroup of answer choicesprivate good. club good.common resource.public good.
Question
Consider a public road that anyone is allowed to drive on. If the road is often congested, the road would be considered aGroup of answer choicesprivate good. club good.common resource.public good.
Solution
The road in this scenario would be considered a common resource. This is because it is non-excludable, meaning anyone can use it, but it is rivalrous, meaning one person's use of the road can interfere with another person's use (due to the congestion).
Similar Questions
A congested toll road is an example of which type of good?Group of answer choicesA public good.A common resource.A natural monopoly good.A private good.
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