Referring to Table 12.2, if the nominal interest rate is 3.5 percent and there is no inflation, which investments will be undertaken?

Another term for negative externalities is

A) bad vibrations. B) non-marginal costs. C) spillover costs. D) sunk costs. E) surplus product.

The self-interest model of government:

a. suggests that government officials are selfish. b. explains why there are limits on government taxation and spending. c. shows who some government projects take place even if the cost exceeds the benefits. d. All of the above.