The free-rider problem is larger for private goods than it is for public goods.
Answer the following statement true (T) or false (F)
False
Economics
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The additional benefit that Marvin gets from being vaccinated against the flu is known as the
A) external benefit. B) marginal private benefit. C) private cost. D) social cost. E) marginal social benefit.
Economics
By providing free garbage removal, a community
A. discourages activities that produce detrimental externalities. B. disincentivizes citizens from recycling. C. leads citizens to throw out less garbage than is socially optimal. D. raises the opportunity cost of recycling.
Economics
Place point C on the graph to indicate where the United States economy operated in 1997.
Economics
Utility is measured in units known as ______.
a. incomes b. increases c. margins d. utils
Economics