The free-rider problem occurs for:
A. private goods and public goods.
B. private goods but not public goods.
C. public goods but not private goods.
D. neither public nor private goods.
Answer: C
Economics
You might also like to view...
If real GDP for a given year is $2400 billion and nominal GDP is $2400,
A) this year is the base year for the GDP deflator. B) the GDP deflator for this year is 1.25. C) the GDP deflator for this year is 0.8. D) the GDP deflator for this year is 1.10.
Economics
In the typical bathtub, the flow of water into the tub is controlled by a faucet independently of the quantity of water in the tub
How is the bathtub analogy of the steady state in the Solow model different? How does this difference relate to the phenomenon of convergence?
Economics