__________ Occurs When Average People Come Up with Unique Ways

question 35

Short Answer

__________ occurs when average people come up with unique ways to deal with daily events and situations.

---

Definitions:

Free-Rider Problem

A situation where individuals consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production, without contributing to the resource's provision.

Air Pollution

The presence of harmful or excessive quantities of substances, including gases, particulates, and biological molecules, in the Earth's atmosphere, causing diseases, allergies, or environmental damage.

Donations

Voluntary transfers of resources, including money or goods, from one party to another without the expectation of receiving something in return.

External Benefits

The positive effects of a production or consumption activity on third parties who are not directly involved in the transaction.