Examlex
In the last half of the twentieth century,all of the following trends became noticeable in black higher education EXCEPT
Nonexcludable Good
A good that cannot be withheld from individuals once it has been provided, leading to free-riding issues.
National Defense
The protective measures and military actions that a country undertakes to defend itself against threats and maintain national security.
Market Failure
Occurs when the allocation of goods and services by a free market is not efficient.
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.
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