People who enjoy the benefits of a public good without paying for them are called:
a. spillover parties. b. external consumers.
c. free riders. d. antitrust violators.
c
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Special interest groups are very unlikely to push for policies that increase the size of their slice of the economic pie if it means that the overall size of the economic pie will shrink.
Answer the following statement true (T) or false (F)
Your firm sells club soda in both grocery stores and convenience stores. You have a budget of $550 for store displays, and must decide how to allocate this budget between grocery stores and convenience stores to maximize the total number of sales. The following table shows the total number of units that can be sold in grocery stores and convenience stores, according to the number of displays in each type of store. Displays in grocery stores cost $150 each and displays in convenience stores cost $100 each. 
Given the above information, to maximize the total number of sales, you should choose
A. 3 grocery store displays and 4 convenience store displays. B. 3 grocery store displays and 3 convenience store displays. C. 1 grocery store display and 4 convenience store displays. D. 3 grocery store displays and 2 convenience store displays.
Because of automatic stabilizers, when real GDP increases...
What will be an ideal response?
Refer to the below graph, where TP = total product and L = labor input. If this graph is for a firm that sells its product in a purely competitive market, then its marginal revenue product of labor (MRP):
A. Is constant at all levels of L
B. Increases at an increasing rate as L increases
C. Decreases as the labor input L increases
D. Increases at a decreasing rate as L increases