(Consider This) Which of the following best explains why the solar panel companies Solyndra and Abound went bankrupt in 2011 and 2012, respectively?
A. Overreliance on government subsidies that made them inefficient.
B. Oversupply of solar panels on the world market that drove down prices and made these
firms uncompetitive in the market.
C. Expansion of other alternative energy sources made solar power unprofitable.
D. Dramatic and unexpected increases in input costs caused huge economic losses.
Answer: B
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Suppose the equilibrium price of a gallon of gasoline drops from $3.00 to $2.85 and the equilibrium quantity increases from 365 millions of gallons per week to 372 millions of gallons per week. These changes can be the result of
A) an increase in supply. B) an increase in demand. C) a decrease in supply. D) a decrease in demand.
Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment
a. True b. False Indicate whether the statement is true or false
If redistribution is a public bad, rather than a public good, redistributing income to the poor makes others feel that society is:
A. unjust and therefore decreases their utility. B. more just and therefore decreases their utility. C. unjust and therefore increases their utility. D. more just and therefore increases their utility.
Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The marginal revenue of the fourth pound of cheese is
A. $1. B. $3. C. $6. D. $24.