
Which of the following best illustrates free riding?
A) Since no one owns elephants and elephants are valued for their hide, meat, and ivory, elephants can be hunted to extinction.
B) For every purchase of a $30 fare card, you are entitled to five free bus rides.
C) If your neighbors professionally landscape their front yards, it is likely that the market value of your property will increase.
D) All three homeowners in a quiet cul-de-sac have expressed the desirability of security lighting in the common parking area. One of the homeowners installs the lighting and asks you to contribute toward the cost. You choose not to contribute.
Correct Answer:
Verified
Q235: Classifying a good as excludable means
A)that someone
Q236: Figure 5-16 Q237: All of the following are examples of Q238: The tragedy of the commons was avoided Q239: It is difficult for a private market Q241: A quasi-public good differs from a public Q242: Goods differ on the basis of whether Q243: "When it comes to public goods, individuals Q244: Negative externalities and the tragedy of the Q245: Figure 5-16
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