Discuss the following:
1) If Jane spends most of her money on her car, then according to an economist which assumption should we make about this household.
2) Disneyland is a public good.
3) Public telephones are a public good/service.
4) Your neighbor has spent a lot of money improving his garden.
a) If you enjoy the view, then what type of a spillover is it?
b) If you hate the new noisy garden, then what type of a spillover is it?
5) In the circular flow, do rents go to firms or households?