Q1. Least degree of confidence in an economic generalization?
Q2. What is example of propaganda?
Q3. A. Assume the consumption of a good entails rather sizable spillover benefits. How might the resulting misallocation of resources be corrected?
B. Name a good of which the consumption is accompanied by spillover benefits.
C. What are the two characteristics of public goods? Is U.S. border control a public good or a private good? Why? How about satellite TV? Explain.