Which of the following is an example of free-riding?Select one:a. Nobody volunteers for a...

Which of the following is an example of free-riding?

Select one:

a. Nobody volunteers for a charity that helps other people.

b. A person contributes to the common good only because of a sense of duty.

c. A person uses a car belonging to someone else without permission.

d. One member of a group contributes nothing to a group project.

Solutions

Expert Solution

Free rider is that person who gets benefits without any payment due to the action of other parties.

The public good is non-rival and non-excludable in nature. The cost of providing public good is very high and there is free rider problem. This is the reason why a market system fails to produce an efficient level of public good.

Hence when one member of a group contributes nothing to a group projects but get the benefit of the project, then it is an example of free rider.

Hence option d is an example of free rider problem.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Which of the following statements is CORRECT?Select one:a. When the yield curve is strictly...

Which of the following statements is CORRECT?Select one:a. When the yield curve is strictly downward sloping, the term spread must be positive.b. A flight to quality during the recession increases the default risk premium.c. The market capitalization of a corporation is the total market value of its common stocks.d. Legal tender is the provision that shields owners of a corporation from losing more than what they have invested in the firm.

Which one of these is the most significant source of cyberrisk?Select one:a. An...

Which one of these is the most significant source of cyber risk?Select one:a. An organization's technology and information-systems environment.b. An organization's legal environment.c. An organization's operations environment.d. An organization's cognitive environment.

Which of the following is an example of an expense? Select one: a. the cost of...

Which of the following is an example of an expense? Select one: a. the cost of a proposed advertising campaign b. the cost of a product delivered to a customer c. the cost of the purchase of equipment d. the write-off of an obsolete product

Which one of the following is an example of a nondiversifiable risk? Select one: a. a...

Which one of the following is an example of a nondiversifiable risk? Select one: a. a well-managed firm reduces its work force and automates several jobs b. a well-respected president of a firm suddenly resigns c. a key employee suddenly resigns and accepts employment with a key competitor d. a well-respected chairman of the Federal Reserve suddenly resigns e. a poorly managed firm suddenly goes out of business due to lack of sales

Which of the following is not an example of structural unemployment? Select the correct answer below:...

Which of the following is not an example of structural unemployment? Select the correct answer below: Morgan never finished high school and has trouble finding work that she is qualified for. Companies in her area have declined to hire her. Will has been offered a job on the other side of the country. Before he can start working, he expects to need around a month to sell his house and move to the new location. Molly completed an advanced degree...

Which of the following is an example of a public good? Select the correct answer below:...

Which of the following is an example of a public good? Select the correct answer below: a) a flood warning alarm b) a library c) police d)all of the above

Which of the following is an example of a two-tailed research hypothesis? Select one: a. The...

Which of the following is an example of a two-tailed research hypothesis? Select one: a. The number of reported migraine headaches will decrease when migraine patients take the new medication. b. Participants will have remember more words when they study using visual imagery compared to memorization. c. The use of colored filters will change a subject's perception of depth. d. Both a and b are correct.

Which of the following is an example of errors in financial statements? Select one: a. While...

Which of the following is an example of errors in financial statements? Select one: a. While working on the financial statements, Maria accidentally adds $500 when the amount was actually $50. b. While working on the financial statements, Maria recognizes the new estimate for useful lives of their new work truck. c. While working on the financial statements, Maria decides to implement a new valuation method decided on by the company. d. While working on the financial statements, Maria makes...

Select the true answer 1. Which of the following is an example of the subject matter...

Select the true answer 1. Which of the following is an example of the subject matter of a bribe? to throw out a speeding ticket to obtain a government construction project to obtain a certain zoning determination of a local municipal board All of the above responses are correct. 2.Which of the following constitutes bribery? when a person offers something of value to another person in order to receive something in exchange when a person tells someone not to do...

Which of the following would be an example of automatic fiscal stabilization? Select one: a. A...

Which of the following would be an example of automatic fiscal stabilization? Select one: a. A decrease in income due to a decrease in government expenditure b. A decrease in tax revenue due to a lower tax rate c. A decrease in income due to an increase in the tax rate d. An increase in tax revenue due to an increase in investment

Subjects