Which of the Following Statements Is Not Correct

question 113

Multiple Choice

Which of the following statements is not correct?

• A)A free rider is a person who benefits from something for which he or she does not have to pay.
• B)The creation of general knowledge is a public good.
• C)The Tragedy of the Commons illustrates the underuse of a common resource.
• D)A gasoline tax is an imperfect solution to the problem of traffic congestion on public roads.

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Definitions:

Material Breach

A significant violation or failure to comply with a contractual duty, which can lead to the contract's termination.

Minor Breach

A violation of a contract that does not significantly harm the intent of the agreement, allowing the contract to still be fulfilled.

Architect LLC

Refers to a limited liability company operating in the architectural sector, offering professional design services.

Discharged

Released from a contract, obligation, or debt; in legal terms, it often refers to a debt being forgiven or a prisoner being released.