Answer: C. Reflects the inability to exclude an Individual from the benefits of someone else's purchase.
Explanation:
The Free-rider problem is a concept in economics that describes the fact that sometimes people benefit from goods and services that they wither did not pay for or underpaid for.
There has been a failure to exclude those individuals who are free-riding from the benefits of goods and services that other people are paying for. A simple example of the free-rider phenomenon is using Wikipedia. Most of those who use it do not contribute or pay for its upkeep in any way yet reap the benefits of its extensive information.
Answer:
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Explanation:
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Answer:
The correct answer is option a.
Explanation:
The full-employment level of output is $2,000.
The current level of output is $1,900.
The current aggregate demand is $1,850.
There is a need to increase the aggregate demand by $150 to reach full employment level.
The government increases purchasing by $30.
1 - MPC = 
MPC = 1 - 0.2
MPC = 0.8
Answer:
Governance
Explanation:
Governance is a systematic way of how power is exercised for effective management of state/country economy and social resources for development of the state. Governance involved establishing policies and complete monitoring of the policies by the government using all legal tools permitted by the constitution of the state/country to seek accurate information and management control of resources in other to deliver good governance for the betterment of the people.
