ECO 2023 Instructor: Zhijing Teng Photo Essay 4 Due Date: In this module, we talked about public goods and common resources. Please provide one example for public goods and one example for common resources, respectively. For public goods, please explain why your example is both nonexcludable and non-rivalrous. For common resources, please explain why your example is non-excludable but rivalrous. You can take photos by yourself or use pictures from the internet. If you use someone else's pictures, please include the link. Sample Answer: An example of public goods: The lighthouse r ' Mp://www.vivaboo.com/wpconte'nt/ uploads/ 201 0/1 l/Peggyi Cove-Nova-Scotia-Canada-lighthouse- 1 .jpg A public good is non-excludable and non-rivalrous. A lighthouse is non-excludable because once it is built and in operation, all ships can see the lighthouse and use the light to avoid obstacles. A lighthouse is non-rival because one captain's use of the lighthouse does not prevent another from using it. This assignment is worth 5 points. No late submission will be accepted without a documented excuse. You must combine everything into one le (Word or PDF). You cannot upload photos directly to the Canvas. Thank you