Multiple Choice
If the punishment for breaking a government ban is _________, or the likelihood of getting caught is _________, the cost associated with breaking the ban may not be high enough to change the trade-off that consumers face.
A) not severe; low
B) severe; high
C) severe; low
D) not severe; high
Correct Answer:
Verified
Correct Answer:
Verified
Q27: What determines how a government will pay
Q28: The free rider problem is caused by
Q29: When a good is excludable:<br>A)one person's consumption
Q30: The free-rider problem exists when a good
Q31: Wikipedia would be considered:<br>A)a public good.<br>B)a private
Q33: One way to solve the free rider
Q34: Goods that are considered common resources are
Q35: Which of the following is a public
Q36: Fish in the ocean would be considered:<br>A)a
Q37: When what people pay for a good