Answer
Option a
the inability to exclude nonpayers
A free rider is a person do not pay for its consumption of a good, and it can not be avoided if the good is non-excludable.
The free-rider problem is a direct result of O a) the inability to exclude nonpayers. O...
2. The free-rider problem is that a. everyone has the incentive to let others pay the costs of providing public goods. b. criminals commit crimes in order to get free room and board in jail. c. if you don't pay for something, you don't value it. d. elected officials attach all kinds of special-interest provisions to spending bills. 4. Which of the following would be the best example of a monopolistically competitive firm? a. sugar farmer. b. railway transportation. c....
A free-rider problem exists when A. a private good is produced B. negative externalities exist C. people receive a benefit for which they do no need to pay D. firms impose a cost on third parties E. any market is in equilibrium
73. The free-rider problem may arise in the case of _______ a. club goods b. inferior goods c. private goods d. public goods 74. Which of the following is likely to have a free-rider problem? a. On-the-job training programs b. Movie DVDs c. Mobile phones d. Environmental protection programs 75. Which of the following is not a solution to the tragedy of the commons? a. granting a subsidy of the use of the common resource b. levying a tax on...
1. Which of the following is most likely to result in a "free-rider" problem? Goods that are overpriced Goods that are nonexcludable Goods that are in limited supply Goods that are sold in monopoly markets 2. Which of the following is not a likely source of market failure? Asymmetric information Moral hazard Externalities Perfect competition 3. Which of the following categories most accurately describes the Social Security tax in the United States? Proportional Progressive Regressive Value-added tax 4. Which of...
8. Which of the following is an example of a market failure? a) some goods are public (non-excludable and non-rival). b) market activities have externalities. c) insurers cannot distinguish customers who are good risks and bad risks. d) all of the above The free-rider problem means a) people will not consume a public good unless it is free. b) it is efficient to provide a public good for free." c) people treat a public good as if it were free....
Increased specialization in large firms might lead to: O A. upward-sloping marginal cost curves. O B. horizontal marginal cost curves O C. downward -sloping long-run average cost curves. O D. upward-sloping long-run average cost curves.
1. Because of ______, the market will provide ______ the socially optimal level of information. A. The credibility problem; more B. The problem of adverse selection; less C. moral hazard; more D. The free-rider problem; less 2. If technological developments increase the marginal product of labor, then the: A. Supply of labor will increase. B. Demand for labor will decrease. C. The equilibrium wage rate will decrease. D. Demand for labor will increase.
O. LULCI LADILOILUSI Uly. 2.00 O b. price of labor per unit multiplied by the number of la Flag question O units. c. total fixed cost plus total variable cost. d. the sum of marginal cost and total variable cost. Average fixed costs will Question 5 Not yet answered Points out of 2.00 P Flag Select one: a. rise as output rises. O b. rise then fall as output rises. C. fall then rise as output rises. d. fall as...
When it comes to public goods like national defense, the __________ is a serious problem. because people who do not pay cannot (easily) be excluded from the consumption of the good. A. Tax incidence B. Free-rider program C. Marginal propensity to consume D. Common resource problem
1. A perfectly competitive firm will shut down when the price is just below the minimum point on the: a. average fixed cost curve b. marginal cost curve c. average total cost curve d. average variable cost curve 2. Consumption of a pure public good a. increases the supply of the good b. depletes the supply of the good for others c. excludes others from consuming the good somewhat d. denies the opportunity to consume the good to others e....