Assume that a house is rented by four students. When it comes to keeping the house clean, each of the four roommates has an incentive to leave cleaning to the others. As a result, the house is never clean
Which of the following is the best solution to this problem of free riding?
A) Assign one roommate the responsibility to keep a watch over the other students
B) Require every roommate to contribute to a cleaning service
C) Ask every roommate to clean the house if they dirty it
D) Require each roommate to pay more toward the house rent and groceries
B
You might also like to view...
In a study of college yearbook photos, researchers found that:
a. An inauthentic smile by males meant they would be unhappy in life b. Women with the Pan Am (fake) smile were just as happy in life as women with the Duchene (genuine) smile c. Smiling type makes no difference d. A genuinely smiling woman (with the Duchene smile) is more likely to be married, stay married, and to experience more personal well-being than a woman with the fake smile.
With perfect price discrimination, the firm faces a constant marginal revenue
a. True b. False
A demand schedule provides
A. the amount of a good a person wants to sell during a given time period. B. the alternative quantities demanded for a given time period at different possible prices. C. the quantities of a good people are willing to sell every year. D. the amount of a good a person wants at different times of the day.
The four main tools of monetary policy are:
A. tax rate changes, the discount rate, open-market operations, and the federal funds rate. B. tax rate changes, changes in government expenditures, open-market operations, and interest on reserves. C. the discount rate, the reserve ratio, interest on reserves, and open-market operations. D. changes in government expenditures, the reserve ratio, the federal funds rate, and the discount rate.