In a Good Wind, a Modern Large Wind Turbine Might

question 32

Multiple Choice

In a good wind, a modern large wind turbine might have a power output of

• A) 2 kW.
• B) 20 kW.
• C) 200 kW.
• D) 2000 kW.

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Definitions:

Free-Rider Problem

A situation in public goods provision where individuals enjoy the benefits of goods or services without contributing to their costs, undermining the incentive for its provision.

Street Entertainers

Individuals or groups who perform various forms of entertainment in public spaces, often for voluntary donations.

Nonexcludability

Characterizes goods or services where it is not possible to prevent non-paying individuals from consuming the product, typical of public goods.

Public Goods

Economic goods that are non-excludable and non-rivalrous, meaning they can be simultaneously accessed by multiple people without diminishing availability to others.