A wealthy person may legally use SNAP (food stamps) and WIC vouchers
A. when they have trouble making ends meet.
B. because the programs are not means tested.
C. because they may have children who are ill.
D. when they are caring for foster children.
Answer: D
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Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
For a monopolist facing this demand curve, the profit-maximizing quantity is ________ and the profit-maximizing price is ________.
A. 50; $3 B. 100; $2 C. 50; $2 D. 100; $1
The cost of producing an additional unit of a good or service that falls on people other than the producer of that good or service is the
A) marginal external cost. B) marginal private cost. C) marginal social cost. D) None of the above answers is correct.
In the steady state of Solow's exogenous growth model, an increase in total factor productivity
A) increases output per worker and increases capital per worker. B) increases output per worker and decreases capital per worker. C) decreases output per worker and increases capital per worker. D) decreases output per worker and decreases capital per worker.
The concept of opportunity cost exists because
A. the value of services is hard to determine. B. shortages occur. C. goods have different prices. D. resources are scarce.