Individuals Want Nonexcludable Public Good X,but the Market Does Not

question 46

Multiple Choice

Individuals want nonexcludable public good X,but the market does not provide it because of the free rider problem.Government overcomes the free rider problem by ______________ individuals and then either producing good X itself or paying someone to produce it.

• A) forcing individuals to work longer hours
• B) taxing
• C) surveying
• D) subsidizing
• E) none of the above

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Definitions:

Not Guilty

A legal verdict stating that there is not enough evidence to prove beyond a reasonable doubt that the accused committed the offense.

Irresistible Impulse Test

A legal defense principle suggesting a person should not be held responsible for their actions if they could not control their impulses due to a mental illness.

Fit of Passion

An intense and sudden display of emotion, such as anger or excitement, that can result in unpredictable behavior.

M'Naghten Rule

A legal standard for determining criminal insanity, which focuses on whether the defendant was able to understand the nature and quality of the act or knew it was wrong.