In order to be a public good a good must be both a collective consumption good and be nonexcludable

The 2002 tax reform is a good example of special interests being less influential because Congress was considering comprehensive tax reform

a. True b. False

The decision firms make about new capital projects is most like the decision consumers make when they decide

A) whether to take a new job. B) which of two new jobs to take. C) what brand of coffee to buy. D) whether to buy a new house. E) whether to go on vacation.