Examlex
Which major life event on the Social Readjustment Rating Scale has the highest number of life change units?
Streetlights
Outdoor lighting fixtures installed along streets to provide illumination during the night for public safety and convenience.
Nonrival
A term used to describe a good whereby one person's consumption does not hinder or reduce the ability of another person to consume the same good.
Nonexcludable
A characteristic of a good where it is impossible, or costly, to exclude individuals from using the good once it has been provided.
Free-rider Problem
A situation where individuals consume more than their fair share of a public good, or pay less than their share of the cost, leading to underprovision or depletion of the good.
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