If Dave and Jesse are the only two fishermen in town and neither is bothered by the other's fishing, the lake they fish in is not a common resource

Apply the concept of tax smoothing to the debate over tax-based versus spending-based fiscal stimulus

What will be an ideal response?

To alleviate the commons problem, the government can

A) apply a tax. B) set a quota. C) assign property rights. D) All of the above.