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 the use of the common resource
c. ration the use of the common resource
d. privatizing the common resource
73.The problem of free rider exists only for public goods.
Answer-D
74.Environmental protection programs are public good and will have free rider problem.
Answer-D
75.Answer-A
73. The free-rider problem may arise in the case of _______ a. club goods b. inferior goods c. private goods d. public g...
Which of the following statements is (are) correct? (x) Both public goods and club goods are nonrivalrous in consumption but club goods are excludable and public goods are nonexcludable and both common resources and private goods are rivalrous in consumption but private goods are excludable and common resources are nonexcludable. (y) Ralph owns 10 acres of beautiful wooded land. Ralph donates the land to the state with the understanding that the land will be used as a state park. This...