The free-rider problem exists because
A) private goods or services cause some people to want to take them for free.
B) some goods or services are excludable and cause envy for those who don't have them.
C) some goods or services that are rival and leave some people without them.
D) people cannot be excluded from consuming public goods even if they don't pay for them.
E) people must all consume the same public good and so everyone wants to pay for it.
Correct Answer:
Verified
Q18: One important feature that distinguishes a private
Q19: A good is a private good if
A)
Q20: A private good is
A) nonexcludable and nonrival.
B)
Q21: If no one can be excluded from
Q22: A public good is _ and _.
A)
Q24: A public good
A) only yields benefits to
Q25: When use of a good decreases the
Q26: A public good is
A) rival and excludable.
B)
Q27: If a good or resource is rival,it
Q28: A common resource is
A) a service rather
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