A free rider is a person who
A. will only purchase a product on sale.
B. receives the benefit of a good but avoids paying for it.
C. can produce a good at no cost.
D. rides public transit regularly.
查看答案
Knowledge that is patented is a
A. public good, whereas knowledge that is not patented is a common resource.
B. private good, whereas knowledge that is not patented is a club good.
C. common resource, whereas knowledge that is not patented is a private good.
D. club good, whereas knowledge that is not patented is a public good.
Producers have little incentive to produce a public good because
A. the social benefit is less than the private benefit.
B. the social benefit is less than the social cost.
C. there is a free-rider problem.
D. there is a Tragedy of the Commons.
Luis, Mina, and Daniel all would like a play area while waiting at their children's bus stop. The neighborhood association is considering installing playground equipment at the bus stop. Luis values the equipment at $150, Mina at $100, and Daniel at $100. The equipment and labor for installation cost $300. If Luis, Mina, and Daniel are the only residents who value the equipment, what should the neighborhood association do?
A. Install the playground equipment because people would like a play area.
B. Do not install the playground equipment because the costs outweigh the benefits.
C. Install the playground equipment because the benefits outweigh the costs.
Do not install the playground equipment to prevent the Tragedy of the Commons problem of overuse.
A textbook is a
A. private good and the knowledge that one gains from reading the book is a common resource.
B. private good and the knowledge that one gains from reading the book is a public good.
C. common resource and the knowledge that one gains from reading the book is a public good.
D. common resource and the knowledge that one gains from reading the book is a private good.
微信支付 
支付宝支付