Public Goods Are Characterized by Free-Rider Problems Because

question 106

Multiple Choice

Public goods are characterized by free-rider problems because

• A)public goods are usually things that people really do not want to consume.
• B)public goods are characterized by the principle of rival consumption.
• C)no one can be excluded from the benefits of public goods once they have been produced.
• D)public goods can easily be subdivided into small units.

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Definitions:

Conditioned Stimulus

A stimulus that initially has no response connected to it but gains the power to evoke a response through association with an unconditioned stimulus.

Conditioning Theory

A psychological theory that explains learning as a process where behavior is modified through reinforcement or punishment.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, evokes a conditioned response.

Contingency Theory

A theory in the field of organizational behavior that posits the effectiveness of a leadership style is contingent upon the context and that no one style is best in all situations.