Author Question: A student is working on a group class-project where the same grade is assigned to everyone in the ... (Read 3732 times)

burton19126 · **on:** Jun 30, 2018

A student is working on a group class-project where the same grade is assigned to everyone in the group. He chooses to not contribute to the project. What term best describes this situation?
a. Moral hazard
b. Tragedy of the Commons
c. Public good problem
d. Free Rider Problem

Question 2

The term free rider
a. refers to the reduction of incentives for an individual to provide effort.
b. describes the privatization of goods and property.
c. refers to a situation in which resources are overused and quickly exhausted.
d. describes people who did not pay for their ship travel to the colonial US because their relatives would pay their fares once they arrived.

srodz · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

d. Free Rider Problem.

Answer to Question 2

a. Refers to the reduction of incentives for an individual to provide effort.