1.Shoppers at supermarkets often abandon their empty shopping carts at

1.Shoppers at supermarkets often abandon their empty shopping carts at various locations in the parking lot, despite the risk of damage to vehicles or the additional labor cost of retrieving those carts. How might an economist explain this behavior?a.Once a shopper leaves the parking lot, the abandoned cart becomes someone else’s problem.b.People go to the supermarket when they have the energy to shop only, without considering the cost of returning their carts.c.The perceived potential benefit of going to a cart return location is less than the time and energy cost to the shopper.d.People are generally lazy and gravitate toward any decision with the lowest cost.e.Because food prices are always subsidized by the government, shoppers are ignorant of additional costs2.People often clean cabinet doors, but do not regularly clean inside the cabinet. The insides of cabinets aren’t visible and require the removal of contents in order to clean. This is an example of ________ thinkinga.conscientiousb.marginalc.deferentiald.dismale.incentive3.The proliferation of BitTorrent and other file sharing media have threatened the copyright system. Based on an understanding of incentives and opportunity cost, how are the decisions of musicians likely impacted?a.They will spend more time in court, reducing the amount of music they produce.b.If more money can be made in alternative professions, individuals will choose not to pursue music.c.They will illegally download the music of other artists to balance the impact across the industry.d.Most musicians will be forced to take a second job in order to support themselves.e.Since music theft cannot be stopped, musicians will stop trying to sell their music.4.What is market demand?a.the subtraction of the individual quantities demanded by each buyer in a market at each priceb.the multiplication of the prices of each product by the individual quantities demandedby each buyer in a marketc.the addition of the individual quantities demanded by each buyer in a market at each priced.the addition of the individual prices of the price at each level of quantitythe division of the total spending by an individual buyer with the prices paid for the product5.The economic entity most likely to engage in price gouging isa.a local, regular supplier of the product.b.a national big-box store, such as Target or Walmart.c.an individual or business who has a supply of the product somewhere else.d.a local resident who wants to get rid of his or her own product.e.the manufacturer of the product, such as a Honda generator