Producer groups tend to lobby for

The use of government expenditures and taxes to influence the level of economic activity is called fiscal policy.

a. true b. false

Knowledge capital is nonrival in the sense that

A) firms do not compete to be the first to develop new technologies. B) two people can use the same knowledge to develop and produce a product. C) no single company can be excluded from the benefits of new technologies. D) firms can benefit from the research and development of rival firms without paying for that benefit.