Free Riding

question 52

Multiple Choice

Free riding

• A) is possible if the consumption of a good is characterised by excludability.
• B) occurs when consumers pay too much for services provided by the government.
• C) is characteristic of private goods.
• D) is possible if the consumption of a good is characterised by nonexcludability.

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Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Flu Vaccination

The process of receiving a vaccine to protect against the influenza virus, commonly called the flu shot.

Level Of Significance

The probability of rejecting the null hypothesis in a statistical test when it is true; a measure of how stringent the test is.

Proportion Of Men

The fraction or percentage of a population that is male, often used in demographic and statistical analysis.