Free Riding Occurs in Collective Action Settings Because

question 67

Multiple Choice

Free riding occurs in collective action settings because

• A)usually some individuals do not have an interest in the public good.
• B)the diversity of motives means not everyone wants to achieve the same goal.
• C)irrationality is prevalent in society.
• D)people do not know what the price of public goods really ought to be.
• E)individuals may be able to enjoy the benefit of others' efforts without contributing themselves.

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Definitions:

Economic Manager

A role typically undertaken by governments or policy-makers aimed at overseeing and directing the economic policy and financial health of a country.

Monetary Policy

A central bank's process of managing the money supply and interest rates to influence economic activity.

Economic Policy

Actions taken by a government to influence its economy, including fiscal policy, monetary policy, and trade policy.