When Goods Are Not Excludable

question 48

Multiple Choice

When goods are not excludable

• A)the goods will be produced as private goods but not as public goods.
• B)the goods will not be produced since no one values them.
• C)the free-rider problem prevents the private market from supplying them.
• D)the private market will produce the goods but will charge less for them than if they are produced as public goods.

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Definitions:

Second-Order Conditioning

A form of conditioning where a stimulus that's paired with a conditioned stimulus becomes a conditioned stimulus itself.

Classical Conditioning

A training method where two signals are consistently associated together, leading to a situation where a reaction originally triggered by the second signal is later triggered by the first signal on its own.

Negative Side Effects

Undesirable and harmful outcomes or reactions caused by medication, treatment, or intervention.

Punishment

A consequence imposed following undesirable behavior, intended to decrease the likelihood of that behavior occurring again.