The consequence for society of the free-rider problem is:
A. valuable goods and services are undersupplied.
B. goods and services not valued by the society will be oversupplied.
C. valuable goods and services are underdemanded.
D. valuable goods and services are oversupplied.
Answer: A
You might also like to view...
Which of the following would be considered unemployed as part of normal labor market turnover?
i. Juliet, who was fired when the company where she worked went bankrupt in a recession ii. Hannah, who quit her job to find one that better suited her skills iii. Charlotte, who started looking for a job upon graduation from high school A) ii and iii B) i and ii C) i, ii and iii D) i and iii E) iii only
When bad money drives out good money, the price level will rise
Indicate whether the statement is true or false
A ______ tax would charge the same percentage to people, regardless of income level.
a. proportional b. progressive c. regressive d. marginal
Which of the following is not part of the Federal Reserve System?
A. Council of Economic Advisors B. Board of Governors C. Federal Open Market Committee D. 12 Federal Reserve District Banks