13. If there are only enough strawberries to produce 2 gallons of strawberry ice cream. How many gallons of chocolate ice cream can the shop efficiently produce?

A. 0

B. 4

C. 12

D. 15

14. Which of the following is NOT a component of a market economy?

A. Resistant to Innovation

B. Specialization

C. Limited Government Interference

D. Competition

15. Which potential government policy reflects the broad economic goal of equity?

A. The president speaking about economic opportunities through assigning preferred-trade status to countries with command economies.

B. Removing funding from public universities that refuse to accept women, minorities, or economically disadvantaged applicants.

C. Congress increasing funding for space exploration in order to boost high employment and develop new technologies.

D. The National Park Service maintaining a program of controlled fires to off undergrowth and wildfires from happening.

18. You have several options for how to spend your Saturdays. Your top options are volunteering with an animal rescue or mowing lawns in the neighborhood for volunteer. Which economic term describes the option of mowing.

A. Opportunity cost

B. Resource use

C. Benefit

D. Scarcity

19. Which of the following statements is true of a traditional economy?

A. People produce and consume only the goods the need to survive

B. People produce goods according to the dictate of government

C. People produce goods to make a profit

D. People produce a variety of goods for local, regional, and globe

21. When looking at nation's overall economic health, economists generally use which measurements.

A. Marginal Benefits

B. Opportunity Cost

C. Gensis Domestic Product (GDP)

D. Standard of Living

22. "Fracking" is hydraulic fracturing, or an alternative method of drilling to obtain naturaldeposits. The federal government institutes a new energy policy that includes funding for fracking initiatives in eligible states. Which of the following would be a negative?

A. using the fracking method may boost hydro-energy production

B. the government may have less has to spend on oil-drilling infrastructure

C. using the fracking method may pollute the water

D. the government may import less oil and natural gas

23. If a natural disaster such as a hurricane hit Florida and destroyed critical infrastructure what would most likely happen to the state's production possibilities curve?

A. Shift to the right

B. shift to the left

C. shift to the center

D. there would be no change in the curve

24. Andy has a research project due in one month. He works a full time job, volunteers at a local hospital, and is taking several other classes. Using a calendar, Andy scheduled smaller goals for each week to help ensure the project is complete by the deadline scenario, which economic term describes Andy's time?

A. an opportunity cost

B. a scarce resource

C. a long-term benefit

D. A short-term cost

11. Which of the following most clearly aligns with the economic theories of Karl Marx?

a. free market forces ensure a heavily and efficient economy

B. Profit drives both economic growth and economic equality

C. Government manages the economy to prevent economic inequality

D. businesses are regulated to prevent socioeconomic collapse

12. All choices can have unintended consequences. When those outcomes affect someone who had no part in the initial choice, what is it called?

A. free market

B. Free resource

C. Eminent domain

D. externality