Examlex
When a baby uses another person's emotional reaction to some situation as a basis for deciding his/her own reaction, this is called __________ .
Free-Rider Problem
A situation where some individuals consume more than their fair share of a public resource, or do not pay for their share, leading to underproduction or depletion of the resource.
Drop-In-The-Bucket Problem
A problem intrinsic to public goods: The good or service is usually so costly that its provision generally does not depend on whether any single person pays.
Public Goods
Goods or services that are non-excludable and non-rivalrous, meaning they are freely available to all and used by one person does not reduce availability to others.
Positive Externality
A benefit received by a third party resulting from an economic transaction in which they were not involved.
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