EBK FOUNDATIONS OF ECONOMICS
8th Edition
ISBN: 8220103632225
Author: PARKIN
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
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.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
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
←
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
EBK FOUNDATIONS OF ECONOMICS
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...
Knowledge Booster
Similar questions
- 1. Choose one of the approaches listed below for protecting elephants from poachers in African countries. A. The government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. B. The government sets up national parks and designates ten villages around the park's edges as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park. 2. Depending on the approach you have chosen (A or B), explain how the incentives will affect the local villagers, who are often very poor. 3. Which approach (A or B) seems more likely to help the elephant population?4. Discuss the practice of poaching elephants and the need for environmental protection? 5. Explain how the practice of poaching elephants is a negative externality?arrow_forwardUsing a diagram, explain how a carbon tax could help reduce pollution.arrow_forwardQuestion 25 The Triboro Bridge has a bike lane for crossing that cyclists can cross at any time at no charge. Cyclists love the bike lane because it is rarely crowded so getting across takes little time. Which of the following is most accurate? The Triboro Bridge's Bike Lane is like a private good because it is rarely used The Triboro Bridge's Bike Lane is a club good because anyone can use it at anytime The Triboro Bridge's Bike Lane is a common resource The Triboro Bridge's Bike Lane is a public goodarrow_forward
- Which of the following are public goods? a. Air bags b. Pencils c. Cycle helmets d. City streetlights e. Contact lensesarrow_forwardWhich of the following is an example of a public good? A. Movie Theater B. Tacos C. Natural History Museum D. None of the abovearrow_forwardWhat is America's Great Outdoor Initiative, what is its purpose, and who established it?arrow_forward
- 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_forwardWhat examples do you have of public goods? What is the free-rider problem?arrow_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_forward
- Which of these situations would give rise to the free-rider problem? ltems (6 items) (Drag and drop into the appropriate area below) group work in college arecycling ||program studying for a test National Public Radio a bank providing bike-share programs a"free" checking account Categories Free-Rider Problem No Free-Rider Problem < 06/1s VIEW SOLUTION 12 OF 15 QUESTIONS COMPLETED ерь SUBMIT ANSWER 28 MacBook Pro esc FI F2 F5 F6 F7 F8 F9 F1O FIN 3 5 6 7 8 9arrow_forwardFor each of the goods in the list below identify which good falls in each category: 1. Ice cream 6. Wifi 2. Hair cut 7. National defense 3. Fire truck 8. Fish in a river 4. Tornado siren 9. Cable TV 5. Congested non toll road 10. Toll road Excludable Non excludable Rival Pure Private Non Pure Public Rivalarrow_forwardWhat is a way to determine the value of a forest that remains intact? A. The number of people who visit this forest. B. How much money people would pay to protect this forest. C. The amount of money that people spend to purchase gear for camping in this forest. D. How long it takes for people to reach the forest by different modes of transportation. E. A and B. F. All of the above.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of MicroeconomicsEconomicsISBN:9781305156050Author:N. Gregory MankiwPublisher:Cengage Learning
Principles of Microeconomics
Economics
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:Cengage Learning