When a Group of People Stand to Gain from an Action

question 44

Multiple Choice

When a group of people stand to gain from an action that is not rational for any of the members to undertake individually, a _______ exists.

• A)free rider problem
• B)collective action problem
• C)moral hazard
• D)societal well-being problem

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Definitions:

Core Ability

Refers to the fundamental skill or capacity that is essential for performing a wide range of tasks or activities.

Fluid Intelligence

The capacity to reason quickly and think abstractly, enabling problem-solving in novel situations.

Reaction Times

The duration of time it takes from the presentation of a stimulus to the initiation of a motor response, often used to assess sensory-motor integration and speed of cognitive processing.

Stimuli

External or internal factors that elicit a physical or behavioral response in living organisms.