MATCHING Match Each Description with the Item Below

question 47

Multiple Choice

MATCHING
Match each description with the item below.
-John Steinbeck

• A)author of The Grapes of Wrath
• B)created the Share-the-Wealth program
• C)served as secretary of labor
• D)was a BIA commissioner
• E)was the Republican presidential candidate in 1936
• F)was a CIO leader
• G)proposed to pay $200 a month to those over 60 who retired and promised to spend the money
• H)was interior secretary
• I)was the "radio priest"
• J)headed the FERA and the WPA

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Definitions:

Free Rider Problem

The issue arising when individuals benefit from resources, goods, or services without paying for them, which can lead to under-provision of those goods or services.

Public Goods

Non-excludable and non-rivalrous products or services that are accessible to all members of a society, such as public parks or national defense.

Common Resources

Goods that are non-excludable and rivalrous, where usage by one person diminishes others' ability to use them, often leading to overuse.

Rival In Consumption

A characteristic of a good or service that means its use or consumption by one individual prevents simultaneous use or consumption by other individuals.