Examlex

Solved

David Habitually Reaches for His Cell Phone, Thinking That It

question 59

Multiple Choice

David habitually reaches for his cell phone, thinking that it is vibrating, even when it is not. David suffers from ________.


Definitions:

Nonexcludable

A characteristic of a good or service that prevents individuals from being effectively excluded from its use or benefits.

Free-rider Problem

A situation in which individuals consume more than their fair share or pay less than their fair share of the cost of a shared resource.

Public Good

A good that is non-excludable and non-rivalrous, meaning its consumption by one individual does not reduce its availability to others.

Common Resource

A resource like air or water that is not owned by anyone, but can be used by everyone, often leading to overuse and depletion.

Related Questions