Which of the Following Types of Goods Is Subject to the Free-Rider

question 194

Multiple Choice

Which of the following types of goods is subject to the free-rider problem?

• A) a private good
• B) a public good
• C) a product that creates a positive externality
• D) a product that creates a negative externality

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Definitions:

Conclusion

A conclusion is the final part of an argument or process, logically deduced from the premises or evidence presented.

Diamonds

A form of carbon, diamonds are renowned for their physical properties, particularly their hardness and optical dispersion, making them valuable for jewelry and industrial applications.

Cogent

The property of an inductive argument that is strong and whose premises are true.

Valid

Correct or acceptable according to the law or logic; having a sound basis in reasoning or fact.