1. How do new technologies affect economies? A. It makes the economy stronger and more efficient. B. It reduces the dependence of the economy on business. C.It slows an economy down for at least a while. D.It reduces economic output. 2. You eat at school potluck dinner but don't bring a dish for others to eat or contribute any money. This is an example of: A.public sector problem. B. public good problem. C.free-rider problem. D.externality problem. 3. What is a positive externality? A. a way to generate trade that will benefit people who are from other countries B. an extra payment to welfare recipients C. an economic side effect that generates benefits to parties outside the transaction D. a cash flow that will benefit both the government and the businesses who interact with it 4. Why do laws force companies to give important information about their products to consumers? A. to make it easy for businesses to have good information B. to make it easier for consumers to save money C. to make buyers more knowledgeable and safer D.to make it hard for businesses to make an excess profit 5. What is true about public goods? A. The total cost is small for each individual taxpayer. B. The benefits of the good can not be efficiently excluded from individual members of society, and therefore must be provided to everyone. C. The benefit to each individual who uses the facility is greater than the cost. D. The benefits of the facility are greater for the society than for the individuals using it. 6.Which is a public good? A. fire protection B. shopping malls C. country clubs D. movie theaters 7. You watch a YouTube video that explains how the economy grew for 10 years but contracted during the pandemic. What was the subject of this article? A. market failure B. the business cycle C. voluntary exchange D.microeconomics 8.Toyota is required to comply with public disclosure laws. What is one example of a requirement of these laws? A. Car dealers must prominently display a sticker with the fuel efficiency in the car window. B. Automakers must test all car models regularly for crash-worthiness. C. Salespeople must provide information about their competitors' cars, so customers can make informed decisions. D. Salespeople must be willing to sell cars to anyone who can afford them, regardless of gender, race, or ethnicity. 9. What isn't a public good? A. shopping malls B. highways C.national parks D. municipal (city) libraries