Albert, Betty, Christine and David are all very good students. When they hold their study sessions, they often discuss very difficult concepts in great detail. Christine's roommate, Elizabeth, who takes completely different classes, still learns from the discussions of the others. This is the case of a(n) ____, which ____ a ____
a. public good; benefits; third party
b. externality; imposes a cost on; free rider
c. market failure; results from; third party
d. free rider; benefits from; third party
e. Externalities; benefits; third party
e
Economics
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Suppose a new employee is promised a pension payment of $8000 in the twenty-fourth year after joining the firm. The current pension contribution is $2000 a year. Assuming a six percent rate of return, this pension plan is said to be
A) fully funded. B) partly funded. C) unfunded. D) fully vested.
Economics
In 2011, the percentage of the total U.S. population that lived in poverty was approximately:
A. 5 percent B. 10 percent C. 15 percent D. 20 percent
Economics