________ occurs when an individual has no incentive in paying for a good because failure to pay does not prevent consumption
A) A free-rider problem
B) The paradox of thrift
C) A tragedy of the commons
D) The paradox of plenty
A
You might also like to view...
A college bookstore offers both new and used Physics 101 textbooks. Vicki pays $120 for a new copy, Darrel pays $85 for a used copy. Who made an economically efficient choice?
A) Vicki B) Darrel C) Both Vicki and Darrel D) Neither one of them—they could have found a better deal on the Internet.
During the antebellum period, the South exported more to England than it imported. This Southern trade surplus with England benefited whom?
(a) The South (b) The North (c) England (d) All of the above
The desire for goods and services is
a. created by a market economy b. the ultimate explanation for all production c. why it is so difficult to explain how our economy works d. the cause of inflation e. what causes the market wage for labor to continually increase
A less-developed country would probably use ___________ to argue for trade restrictions
a. national security b. infant industry c. protection of workers from cheap foreign labor d. antidumping e. increased efficiency