The construction of the interstate highway system in the United States is an example of a government policy to promote economic growth by:
A. improving technology.
B. increasing human capital.
C. increasing physical capital.
D. improving the social and legal environment.
Answer: C
You might also like to view...
Which of the following things does not have an objective cost?
A) Platinum B) Water C) Ski lift tickets D) Medical equipment E) None of the above has an objective cost.
Consider the production possibilities frontier displayed in the figure shown. Which of the following statements is true? The opportunity cost of one watermelon:
A. will decrease as more watermelons are produced.
B. is constant.
C. will increase as more watermelons are produced.
D. is zero at point C.
An increase in Social Security payments to retired persons has what effect on equilibrium income?
a. GDP will fall. b. GDP will rise. c. GDP will remain the same. d. GDP will fall by less than the increase in payments.
For markets to work well, there must be
a. market power. b. a central planner. c. property rights. d. abundant, not scarce, resources.