The Free-Rider Problem Is the Absence of an Incentive for

question 86

Multiple Choice

The free-rider problem is the absence of an incentive for

• A) firms to produce public goods.
• B) people to use common resources.
• C) people to pay for what they consume.
• D) people to vote.

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Definitions:

Event Occur

A phrase suggesting the happening or occurrence of an event or action.

Time-Tested

Proven to be reliable or effective over a long period.

Deductive Reasoning

A logical process in which a conclusion follows necessarily from the stated premises, proceeding from the general to the specific.

Inductive Reasoning

A logical process in which multiple premises, all believed true, are combined to obtain a specific conclusion.