Public Goods Are Characterized by the Free-Rider Problem Because

question 157

Multiple Choice

Public goods are characterized by the free-rider problem because

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

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Definitions:

Comparable Value

A principle aimed at ensuring pay equity, asserting that jobs of equal value to the employer, in terms of skill, effort, responsibility, and working conditions, should receive equal pay, regardless of the job holder's gender.

Bona Fide Occupational Qualification

A BFOQ refers to a job qualification that is essential for the operation of the business and can legally exclude certain individuals from employment.

Heritage Sites

Places of significance due to their cultural, historical, or natural importance, recognized and preserved for posterity and education.

Wheelchair Ramp

A slope installed in addition to or instead of stairs to allow wheelchair users and individuals with disabilities to access buildings.