Problem
1. Compare the following factors of production in terms of their rivalry and excludability:
a) A robot that welds car frames and the idea of building a car in an assembly line
b) A recipe to make pancakes and the recipe to manufacture a soda drink
2. The White House website describing the Economic Recovery Act of 2009 states "The Recovery Act [. . .] provides for $7.2 billion for broadband internet access nationwide, including grants for rural broadband access, expanding computer center capacity, and sustainable broadband adoption initiatives." Is there a good rationale for such a policy? Discuss.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.