The enforcement of contracts by the government:
A. encourages economic growth.
B. allows people to enter into long-term investments more easily.
C. can increase physical capital investment.
D. All of these are true.
D. All of these are true.
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In 2011 Buckeye Brewing produced 1,000 bottles of ginger ale each day. It employed 10 workers each working 8 hours a day. In 2012 it produced 960 bottles of ginger ale each day employing 8 workers who worked 8 hours each day. Productivity at Buckeye Brewing
a. increased by 20%. b. increased by 16.67%. c. decreased by 1.67%. d. decreased by 40%.
If you care not only about your own income level but also about your relatives' income level, with increasing concern for them as they get poorer, then your indifference curves (defined over your income level and that of your relatives)
A. will be negatively sloped, and concave from above. B. will be negatively sloped and linear. C. will be positively sloped, and concave from the origin. D. cannot be specified until more information is provided.
If the domestic quantity supplied of a good is greater than the domestic quantity demanded, the country is likely to be a(n)
A. exporter of the good. B. importer of the good. C. consumer of the good. D. importer and exporter.
Refer to the information provided in Figure 10.3 below to answer the question(s) that follow. 
Figure 10.3 Refer to Figure 10.3. If labor supply is given by S0 and the firm is using K1 units of capital, this firm should hire ________ units of labor to maximize profit.
A. I0 B. I1 C. I2 D. I3