Question

After a new library opens in the community guests borrow almost all of the books within the first week. The manager of the library did not anticipate such interest so she now places a limit of two books on loans so that more people will have access to them. In this case the books in the library are serving as a ________.
1. community asset
2. common-pool resource
3. scarce dilemma
4. egoism-inducing measure

Answer 1

Answer:

Answer is option 2. i.e. common-pool resource.

Explanation:

A common-pool resource can be understood as a public resource that is meant to provide benefits to a large group of people, but it also provides decreased benefits if each individual solely focuses on his/her own self-interest and not of the group or community as a whole. Therefore, here books in the library serve as a common-pool resource.