True.
Explanation: Free riders are individuals who benefit from a public good without contributing to its production or cost. They pay for the good but don’t incur any additional costs associated with its provision.
True.
Explanation: Externalities are the unintended consequences of an economic activity that affect third parties not directly involved in the activity. These can be positive (benefits) or negative (costs) and are not accounted for in the costs or benefits of the activity.
False.
Explanation: Social values refer to personal or collective beliefs about what is important or desirable in a society. They can influence behavior, but they don’t necessarily make someone want to do something just because everyone else is doing it.
