Some markets fail to generate an optimal quantity of public goods because
a. free riders undermine the profitability of producing the goods
b. they are too expensive
c. they yield too few benefits
d. private enterprise cannot get access to the raw materials
e. there is insufficient demand for such goods
A
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When the economy goes into a downturn what automatic stabilizer limits the downturn?
a. decreased tax revenue b. increased military spending c. increased unemployment benefits d. decreased inflation rate
When real GDP increases, this implies that the production of goods and services has risen
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying figure. For Pat, the opportunity cost of planting one bulb is removing: 
A. 5 bags of trash. B. 20 bags of trash. C. 1/5 of a bag of trash. D. 1/20 of a bag of trash.
Suppose that 100 firms operate in a perfectly competitive industry and each firm has the same technology and cost structure. If each firm maximizes profits by selling 20 units of output at $5.00, then the quantity supplied in the market at $5.00 is:
A. 2,000. B. less than 2,000. C. greater than 2,000. D. zero.