Free Riding Is NOT a Problem in the Market for a Private

question 96

Multiple Choice

Free riding is NOT a problem in the market for a private good because

• A) people who do not pay for the good can be excluded from consumption.
• B) the good is a rival good.
• C) the market eliminates the problem of externalities.
• D) The question errs because free riding is a problem in providing private goods.

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Definitions:

White Supremacist

An individual who believes in the superiority of the white race over others and typically seeks to assert or maintain white dominance in society.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture, emphasizing the idea that there are no universal standards of cultural superiority or inferiority.

Superior

Relating to someone or something that exhibits excellence or higher quality in comparison to others within a specific context or general hierarchy.

Sapir-Whorf Hypothesis

The assertion that language influences how we perceive the world (also known as linguistic determinism).