How much food production would Calvin lose in a day in order to produce 2 yards of cloth?

Which of the following is a reason why we should consider the federal national debt a problem?

A) If the debt was incurred to finance research and development, crowding out will occur. B) If the debt drives up interest rates, crowding out will occur. C) The federal government is in danger of defaulting on its debt. D) If the debt was incurred to finance improvements in infrastructure, crowding out will occur.

If we assume competitive labor markets, the supply curve of labor when the firm is a monopoly is

A) upward sloping. B) vertical. C) horizontal. D) downward sloping.