A Society Composed of Several Groups That Differ in Their

question 47

Multiple Choice

A society composed of several groups that differ in their access to resources and prestige is said to be:

• A)stratified.
• B)unstratified.
• C)egalitarian.
• D)open.
• E)accessible.

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Definitions:

Free-rider Problem

A situation in public economics where individuals consume a good without paying for it, leading to underproduction or depletion of the good, as seen often in public goods and common resources.

Public Good

A good that is non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from its use and one person's use does not diminish its availability to others.

Nonexclusion

A characteristic of certain goods where it is difficult or impossible to exclude individuals from using the good, often leading to issues with free riders.

Free-rider Problem

A situation where individuals benefit from resources or services without paying for their use, leading to under-provision or depletion of resources.