Given below are two statements:
Statement I : A common resource is rival and non-excludable.
Statement II : A public good is non-rival and non-excludable.
In the light of the above statements, choose the most appropriate answer from the options given below:

A

Both Statement I and Statement II are correct.

B

Both Statement I and Statement II are incorrect.

C

Statement I is correct but Statement II is incorrect.

D

Statement I is incorrect but Statement II is correct.