In the Case of Public Goods

question 4

Multiple Choice

In the case of public goods:

• A)the free rider problem does not arise.
• B)one person's consumption of the good reduces the consumption of the good by others.
• C)individuals can be easily excluded from consuming the good once it is provided.
• D)the quantity produced by a private market would be too large from society's viewpoint,because private firms could not force payment for the goods.
• E)the principle of mutual excludability and principle of rivalry does not apply.

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Definitions:

Experimental Group

In research, the group of participants that receives the treatment or intervention being tested, contrasted with the control group.

Independent Variable

The variable that is intentionally changed or manipulated in an experiment to observe its effect on the dependent variable.

Dependent Variable

In experimental and statistical research, the variable being tested and measured, subject to change under the influence of the independent variable.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.