13.3 Flashcards
(9 cards)
1
Q
Public good
A
A god that is non refundable and non rival
2
Q
Non excludable
A
Cannot prevent people from using it.
3
Q
Non rival
A
One person’s use does not reduce availability for others
4
Q
Free rider
A
Someone who benefits from a public good without paying for it.
If too many free riders exist, the good may not be provided.
5
Q
Market solutions
A
Indirect revenue generation (e.g., radio is free but funded through advertising
6
Q
What can Social pressures and voluntary contributions reduce?
A
Free riders
7
Q
Advances in public health have significant…
A
Positive externalities
8
Q
Increased life expectancy is linked to:
A
Widespread public health initiatives.
Government-funded research.
Investment in sanitation and vaccines
9
Q
A
