Aristotle writes, "What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others.". In this statement, Aristotle is referring to the free-rider problem that occurs when a person receives the benefit of a good without paying for it
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The Great Depression was the most severe recession experienced by the U.S. economy, during which national output had declined by 25 percent
a. True b. False Indicate whether the statement is true or false
According to Matthew Slaughter, as reported in the Case in Point on outsourcing, which of the following is a reason that suggests outsourcing might actually increase domestic employment?
A) Reduced costs make domestic firms more likely to expand the quantities they produce. B) Lower costs may lead firms to increase the scale of their operations which could generate more domestic employment. C) A firm that engages in outsourcing is likely to increase its scope of operations. D) all of the above
Suppose a consumption function is given as C = $150 + 0.75YD. The marginal propensity to save is
A. 0.75. B. 150. C. -0.75. D. 0.25.
Quotas generate tariff revenues for the government.
Answer the following statement true (T) or false (F)