Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. 
Figure 16.3Refer to Figure 16.3. At 15 units of output there are external ________ per unit.
A. costs of $0
B. costs of $6
C. benefits of $2
D. benefits of $8
Answer: A
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When scarce goods are allocated according to some generally known criteria,
A) no one is discriminated against as long as the criteria are socially and legally accepted. B) people will compete to satisfy the criteria. C) rationing of scarce goods becomes unnecessary. D) surpluses almost inevitably appear.
The main reason economists are concerned about the problem of idle or unemployed resources is that: a. high rates of crime are related to high rates of unemployment
b. high rates of inflation are caused by idle land, labor, and capital resources. c. government benefits paid to unemployed workers put stress on the federal budget. d. unemployed resources mean less production and a lower standard of living for the nation.
If the MPC is .5, the multiplier is
A. .5. B. 1. C. 2. D. 4.
If the lender of last resort function of the government is to be effective in working to minimize a crisis, it must be:
A. only available during economic downturns. B. credible, with banks knowing they can get loans quickly. C. used on a limited basis. D. reserved only for those banks that are most deserving.