A Public Goods Dilemma Occurs When

question 117

Multiple Choice

A public goods dilemma occurs when

• A) individual actions that may be rational by themselves lead to a collective disaster.
• B) individuals must give something to a collective resource without necessarily taking anything in return.
• C) an individual tries to cheat the system by getting more than his or her fair share of the commons.
• D) individuals encourage others to participate in a social movement.

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Definitions:

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, where there is no real contract between the parties.

College Catalog

An official publication by a college or university that provides essential information about academic programs, policies, and regulations.

Steinberg v. Chicago Medical School

A legal case involving the issue of whether a private medical school acted improperly in the admission process, considering contractual obligations.

Material Misrepresentation

A false statement of fact made by one party to another, which, if had been known to be false, may have influenced the decision to enter into a contract or agreement.