Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. 
Figure 16.1 Refer to Figure 16.1. Absent government intervention, how much fertilizer will be produced?
A. Zero because any level of production involves an external cost.
B. 50 bags
C. 60 bags
D. indeterminate from this information
Answer: C
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Average consumption in an economy is best measured by ________, while average productivity in an economy is best measured by ________.
A. output per worker; output per person B. output per worker; total output C. total output; output per worker D. output per person; output per worker
Which of the following can happen?
a. Prices are rising and the inflation rate is negative but rising. b. Prices are falling and the inflation rate is positive and falling. c. Prices are falling and the inflation rate is positive and rising. d. Prices are rising and the inflation rate is positive but falling. e. Prices are rising and the inflation rate is negative and falling.
Which of the following factors was NOT responsible for the decline in farmers as a percent of the U.S. population from after the Civil War to 1900?
A. Falling prices for corn, wheat, and cotton B. The demand for food outstripped supply C. New technology D. The government's liberal land policy that increased output
If a household's income rises by 30%, its budget constraint will
A. shift out parallel to the old one. B. shift in parallel to the old one. C. pivot at the Y-intercept. D. be unaffected.