SSC
GENERAL ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
You will still be able to get public broadcasting whether or not you contribute to their fundraising campaign. You decide not to contribute. This is an example of the
|
|
public good problem.
|
|
|
public sector problem.
|
|
|
externality problem.
|
|
|
free-rider problem.
|
Explanation:
Detailed explanation-1: -The free rider problem is an economic concept of a market failure that occurs when people are benefiting from resources, goods, or services that they do not pay for. If there are too many free riders, the resources, goods, or services may be overprovided. Therefore, this would create a free rider problem.
Detailed explanation-2: -Electricity is not a public good, it’s a private good.
There is 1 question to complete.