Resources Defined.

Question 1

Excludability

Answer 1

The idea that you can have the power to exclude someone from using the resource

Question 2

Subtractability

Answer 2

If you use the resource, make it unavalible for someone else to use

Question 3

Private good and 2 examples

Answer 3

Excludable and Subtractable:

Food: Subtract bc if you eat food. Its not longer available for someone else to eat Excludable bc food is mine and prevent you from having it
House.

Question 4

Common Pool

Answer 4

Subtractable and nonexcludable

Fish in the ocean: subtractable bc you have ability to fish and remove fish from ocean. NE be cant keep others from fishing in ocean.
library: remove books others cant use but cant prevent others from using the library

Question 5

Public Good

Answer 5

NE and Non subtractable

air that we breathe: cant stop others from breathing and not causing anyone else’s ability to breathe.
sunset: not subtracting good from anyone else and cant prevent others from watching it

Question 6

Club Good

Answer 6

Excludable and non subtractable

Movie Theatre: need to pay to get in, making it Excludable. Once your in, cant prevent others from watching movie (NS)
Memberships (Costco, clubs) : Need to buy a membership. Cant prevent others from enjoying from also using membership

Question 7

7 main era asscociated with US Policy and ENVS Management

Answer 7

• Laissez-Fair
• Acquisition
• Dispossesion and Open Access
  Rationalization and Recovery
  The Environmental Era
  Resource Wars
  Reform