Collective Action Problems: Public Goods
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Collective Action Problems: Public Goods

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Questions and Answers

What is a public good, as described in the context?

  • A good or service provided by the government to a specific group
  • A good or service that is provided by the government to the public without charge and cannot be made exclusive to one group (correct)
  • A good or service that is provided by private companies
  • A good or service that is exclusive to only one group

    • What is the primary issue with the road construction example in the small town?

  • The road is not serving the public good
  • Only a small number of people voted to construct the road
  • The road is exclusively for the shop owners
  • Not everyone contributed equally to its construction and maintenance (correct)

    • What is the term used to describe individuals who benefit from a public good without contributing to its construction or maintenance?

  • _Free riders (correct)
  • Collective contributors
  • Public benefactors
  • Social contractors

    • Why is the road considered a public good in the small town example?

    <p>Because everyone in the community can benefit from its construction and use</p> Signup and view all the answers

    What is the main challenge with the social contract in the context of public goods?

    <p>What happens if one or the other side takes advantage of the social contract for their own benefit</p> Signup and view all the answers

    What is the collective action problem, as described in the context of the road construction example?

    <p>A problem that arises when not everyone contributes equally to a public good but benefits from it</p> Signup and view all the answers

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