Nancy Folbre, an economist at the University of Massachusetts, Amherst, argued \

Question

Nancy Folbre, an economist at the University of Massachusetts, Amherst, argued "We must take responsibility for governing the commons-not just the quaint old-fashioned village green, but things that cannot easily be privatized?(such asl clean air .. Do you agree that clean air is like a common pasture in England in the Middle Ages? Briefly explain Source: Nancy Folbre, "Taking Responsibility for the Commons," New York Times, February 26, 2009 Clean air O A. is like a common pasture because there is no free riding OB. is like a common pasture because it is a good that is rival but not excludable O c. is like a common pasture because it is a public good O D. is like a common pasture because it is a good that is underused O E. is like a common pasture because it is a good that is excludable but not rival

Explanation / Answer

B) is like a common pasture because it is a good that is rival but not excludable.

Common Good is a good which is rival but non-excludable. For example: Fishes in sea. Sea is a good which is non-excludable property but fishes in the sea represents rivalnous. Non-exclusion means if common good has been provided then it does not possible to exclude one person from consuming it. Rival means consumption of the good by one person reduce its amount available for the other person.

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