A government policy to build bridges and dams is an example of a policy to promote economic growth by:
A. improving the social and legal environment
B. improving technology.
C. increasing physical capital.
D. increasing human capital.
Answer: C
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Implicit costs involve an exchange of money
Indicate whether the statement is true or false
Everything else held constant, aggregate demand increases when
A) taxes are cut. B) government spending is reduced. C) animal spirits decrease. D) the money supply is reduced.
Suppose that the opportunity cost of producing goods differs between two nations. We can correctly state that
A) the two nations should not specialize in the production of goods. B) specialization can lead to a decrease in the production of all goods. C) specialization can lead to an increase in the production of all goods. D) neither country has a comparative advantage in the production of any good.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The slope of isocost CD is
A. greater than the slope of isocost AB. B. less than the slope of isocost AB. C. equal to the slope of isocost AB. D. indeterminate from this information, as the prices of capital and labor are not given.