Free Riders Are Not a Problem in the Market for a Private

question 160

Multiple Choice

Free riders are not a problem in the market for a private good because

• A) non-payers can be excluded from consuming the good.
• B) the good is a rival good.
• C) the good can be produced only at a positive marginal cost.
• D) the free rider will not get caught.

Recognize cluster sampling and its uses.

Distinguish between the population, sampling frame, and sampling method.

Understand bias types in surveys and their implications.

Distinguish between voluntary response sampling and convenience sampling.

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Definitions:

Underextension

Underextension is a language development error wherein a child uses a word too narrowly, applying it to a smaller range of objects or situations than is appropriate.

Red

A primary color that is often associated with intensity, passion, or danger.

Telegraphic Speech

A form of communication typically used by young children, involving simple, concise sentences that omit non-essential words.

Overextension

A linguistic error, common in early language development, in which a child applies a word in a broader context than is appropriate.