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TRUE,FALSE OR UNCERTAIN. Consider a dam which provides drinking water for a local community and which...

TRUE,FALSE OR UNCERTAIN. Consider a dam which provides drinking water for a local community and which allows free access to all. As a public good the only way to manage this resource is through government regulation so that overuse does not occur.

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Answer #1

'True'

Explanation - Here you have to understand that when water is a public good, it is actually non excludable in nature. So that people will not be for it and this can lead to that of free rider problem. This involves excess consumption of the resources so that ultimately there will be a scarcity that will take place and in order to prevent this if government regulation comes in play such as taxation only then the over consumption will reduce on the whole. Else there is no other way to prevent excess usage because it is a public good

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