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Itumeleng is reading his textbook for history class.At the end of each paragraph, he stops and asks himself what the paragraph was about.Once he feels like he knows that, he goes on.Itumeleng is using ____ to improve his thinking.
Free-Rider Problem
A situation where some individuals consume more than their fair share of a public resource, or do not pay for their share, leading to underproduction or depletion of the resource.
Drop-In-The-Bucket Problem
A problem intrinsic to public goods: The good or service is usually so costly that its provision generally does not depend on whether any single person pays.
Public Goods
Goods or services that are non-excludable and non-rivalrous, meaning they are freely available to all and used by one person does not reduce availability to others.
Positive Externality
A benefit received by a third party resulting from an economic transaction in which they were not involved.
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