A Situation in Which People Refrain from Contributing to the Common

question 31

Multiple Choice

A situation in which people refrain from contributing to the common good when a resource is freely available is called the

• A)free-rider problem.
• B)tragedy of the commons.
• C)McDonaldization effect.
• D)natural hierarchy.

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Definitions:

Cryptocurrency Transaction

A digital financial transaction that occurs over a blockchain or distributed ledger technology involving cryptocurrencies like Bitcoin, Ethereum, etc.

Copyright Protection

Legal rights given to authors, artists, and creators over their creative works, aimed at protecting the works from unauthorized use.

Author's Life

The biography and experiences of an individual who writes books, articles, or any literary work.

HDMI Cable

A digital interface cable that transmits both audio and video signals from an electronic device to a display without the need for multiple cables.