Leanne, a Local Taxpayer, and Crystal, a Visitor from Out

question 125

Multiple Choice

Leanne, a local taxpayer, and Crystal, a visitor from out of town, both attend a city-sponsored Canada Day fireworks display at Prospect Park. Which of the following best describes Crystal?

• A) She is a common resource consumer.
• B) She is a free rider.
• C) She is an excludable consumer.
• D) She is a rival consumer.

Identify the relationship between various economic effects such as endowment and loss aversion, framing, and salience.

Understand consumer behavior in anticipating events and their effect on demand curves.

Analyze the factors influencing changes in social behaviors, such as littering, through interventions beyond financial incentives.

Comprehend the rationale behind actions involving fairness in various contexts, including charitable giving and tipping.