Because people enjoy the benefits of public goods whether they pay for them or not, people are usually ________ to pay for them. This is known as the free-rider problem, and is intrinsic to ________ goods.

A. unwilling; public
B. unwilling; private
C. willing; public
D. willing; private


Answer: A

Economics

You might also like to view...

What are the two techniques to optimization? How do the techniques differ?

What will be an ideal response?

Economics

Pat gives up a $40,000 per year job to stay at home and take care of the house. By so doing, Pat saves $15,000 in child care and house cleaning services which he now performs himself. The direct effect on GDP from Pat's decision is a decrease of

A) $25,000. B) $15,000. C) $30,000. D) $40,000. E) $55,000.

Economics

In 2010, the U.S. government had tax revenues of $2,703 billion and outlays were $3,973 billion. The budget

A) deficit was $1,270 billion. B) deficit was $3,973 billion. C) surplus was $2,703 billion. D) was balanced because every dollar the government spends it must raise. E) surplus was $1,270 billion. The table above gives a nation's government outlays and tax revenues for 2008 through 2012.

Economics

For a major country with extensive capital flows, what is the effect of a decrease in interest rates?

a. There will be an inflow of capital, a currency depreciation, and increased net exports. b. There will be an inflow of capital, a currency depreciation, and reduced net exports. c. There will be an outflow of capital, a currency depreciation, and increased net exports. d. There will be an inflow of capital, a currency appreciation, and reduced net exports.

Economics