You are the County Commissioner of Hazard County. Recently a severe wave of storms swept across Hazard Coun spawning several tornadoes and creating a wide path of mayhem. The citizens of Hazard County are demanding the you do something to protect them. You decide to install some early warning tornado sirens. However, there is no money left in the county budget, so yo ask each citizen to donate some money to build the system. Many citizens donate money to help build the warning system; however, Ms. Nancy, who is wealthy, decides she is not going to donate. The early warning sirens are an example of a , and Ms. Nancy represents a Public goods are in rivalry and in excludability. What approach would be the least effective way to deal with free riders? OA. Appeal to their civic sense of responsibility. OB. Exclude citizens from benefiting from the good or service. OC. Threaten to expose the free riders to their neighbors. OD. Offer citizens a favor or a small gift if they agree not to free ride.

You are the County Commissioner of Hazard County. Recently a severe wave of storms swept across Hazard Coun spawning several tornadoes and creating a wide path of mayhem. The citizens of Hazard County are demanding the you do something to protect them. You decide to install some early warning tornado sirens. However, there is no money left in the county budget, so yo ask each citizen to donate some money to build the system. Many citizens donate money to help build the warning system; however, Ms. Nancy, who is wealthy, decides she is not going to donate. The early warning sirens are an example of a , and Ms. Nancy represents a Public goods are in rivalry and in excludability. What approach would be the least effective way to deal with free riders? OA. Appeal to their civic sense of responsibility. OB. Exclude citizens from benefiting from the good or service. OC. Threaten to expose the free riders to their neighbors. OD. Offer citizens a favor or a small gift if they agree not to free ride.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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