If Left to the Private Market, the Amount of Fire

question 201

Multiple Choice

If left to the private market, the amount of fire protection provided in a city would be ________ than it is now, and free riders would pay for fire protection.

• A)greater; more
• B)greater; nothing
• C)lower; nothing
• D)lower; a higher price

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Definitions:

Norms of Behavior

Norms of behavior refer to the standard or typical patterns of behavior that are considered acceptable and appropriate within a society or group.

Culture

The shared values, beliefs, norms, and practices of a group of people that shape their behavior and perception of the world.

Responsible Drinking

encompasses practices and guidelines that promote moderation and consciousness in alcohol consumption to avoid negative effects on health and society.

Social Responsibility

The idea that organizations are part of a larger society and are accountable to that society for their actions.