Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Question
Chapter 11, Problem 2SPPA
To determine
To state:
Whether there is a free-rider problem and the ways in which the free-rider problem can be avoided.
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3:01
5. Which of the following activities give rise to the
free-rider problem?
a. recycling programs
b. biking
c. studying for an exam
d. riding a bus
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7
+
8
Think of an economic topic that you have in mind that you are interested to.
1. What is the topic?
2. Why did you choose that topic?
3. Who should you invite to lecture on this topic?
4. Why did you choose that speaker?
5. What does he have that you think he is an authority to speak on this topic?
A mosquito control program in a city is a
A. private good
B. club good
C. common pool resource good
D. public good
Chapter 11 Solutions
Foundations of Economics (8th Edition)
Ch. 11 - Prob. 1SPPACh. 11 - Prob. 2SPPACh. 11 - Prob. 3SPPACh. 11 - Prob. 4SPPACh. 11 - Prob. 5SPPACh. 11 - Prob. 6SPPACh. 11 - Prob. 7SPPACh. 11 - Prob. 8SPPACh. 11 - Prob. 9SPPACh. 11 - Prob. 10SPPA
Ch. 11 - Prob. 1IAPACh. 11 - Prob. 2IAPACh. 11 - Prob. 3IAPACh. 11 - Prob. 4IAPACh. 11 - Prob. 5IAPACh. 11 - Prob. 6IAPACh. 11 - Prob. 7IAPACh. 11 - Prob. 8IAPACh. 11 - Prob. 9IAPACh. 11 - Prob. 1MCQCh. 11 - Prob. 2MCQCh. 11 - Prob. 3MCQCh. 11 - Prob. 4MCQCh. 11 - A renewable common resource is used sustainably if...Ch. 11 - Prob. 6MCQCh. 11 - Prob. 7MCQCh. 11 - When ITQs are assigned, the market price of an ITQ...
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- 5. Match each concept in Column A with an example in Column B. Column A Column B Negative externality 1. You should spend more time studying a. economics b. An essential economic activity 2. A fair and just society A final goal 3. If you spend more time studying econom- ics, you will have less time to sleep C. d. An intermediate goal 4. The current unemployment rate is 7 percent 5. You are studying economics in order to get a good job е. A normative statement f. A positive statement 6. Producing this book resulted in pollution g. An opportunity cost 7. Resource managementarrow_forwardWhich of the following is the best example of a public good in a classroom? Select one: a. anything that is provided free by the government b. a copy of the textbook c. a student's notes d. the temperature in the room e. a pencilarrow_forward1. Many individuals might be willing to contribute $25 to the local community charity drive if they could be assured that others would do so. Explain how the free-rider problem complicates the issue of raising money for charitable purposes. 2. Jones gets a real bargain on 100 acres of land because it is near an airport. He decides to use the land to breed his prize-winning race horses. One year after buying the land, Jones sues the airport because his horses, disrupted by the noise of jet planes, are not breeding. If you were the judge, how would you decide Jones' case? Why?arrow_forward
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- The free-rider problem occurs when: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. some people receive welfare benefits to which they are not entitled. a b d the benefits associated with pure private goods cannot be denied to those who do not pay for them. the benefits associated with pure public goods cannot be denied to those who do not pay for them. government must subsidize public transportation.arrow_forwardDog owners do not bear the full cost of the noise their barking dogs create and often take too few precautions to prevent their dogs from barking. Local governments address this problem by 19 Finish Select one: encouraging people to adopt cats. b. subsidizing local animal shelters. c. making it illegal to "disturb the peace." d. having a well-funded animal control department.arrow_forwardIdentify the characteristics of a public good. a. Why do public goods exist? b. What is the problem that comes about due to public goods? c. Which of the following are public goods: parks, police services, welfare payments to the poor, production of energy, space exploration? d. Briefly describe how the free rider problem can be overcome. e. Briefly explain why markets often have a difficult time producing public goods.arrow_forward
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