Define the free rider problem.
What will be an ideal response?
Ans: The free rider problem is the social dilemma faced when people can receive a collective good without having to put any work or resources in to earn it.
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The organization that formally assists the president in the formulation of domestic policy is
A) the Council of Economic Advisers. B) the vice president. C) the Domestic Policy Council. D) the Office of Management and Budget. E) the secretariat.
Economists cite all of these factors as evidence of a healthy economy EXCEPT
A. a decrease in the national tax base. B. low unemployment. C. stable consumer goods prices. D. improvements in individual productivity. E. increasing overall economic productivity.
The local government that is most involved in providing welfare and health services is the:
A. county. B. municipality. C. special district. D. school district.
Following World War I, terrorist violence in Eastern and Central Europe frequently occurred in the name of:
A. national self-determination B. social justice C. monetary gain D. religious beliefs E. fascist ideals