Because of Free Riders,the Demand for a Public Good

question 24

Multiple Choice

Because of free riders,the demand for a public good:

• A) gets expressed in the market,but the good does not get produced by private sellers.
• B) does not get expressed in the market,but the good does get produced by private sellers.
• C) does not get expressed in the market,and the good does not get produced by private sellers.
• D) gets expressed in the market,and the good does get produced by private sellers.

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Definitions:

Featherbedding

A labor practice where unions require employers to hire more workers than necessary for a particular task, often to protect jobs.

Single Unionism

A labor relations approach where only one union represents all workers within a workplace or industry, which aims to streamline negotiation processes and reduce inter-union competition.

Single Occupation

A specific job or profession characterized by a unique set of skills or qualifications, often within a wider industry or sector.

Representation Model

A framework in labor relations where employees choose individuals or groups, such as unions, to negotiate and communicate with employers on their behalf.