How much cloth production would Calvin lose in a day in order to produce 1-1/2 pounds of food?



a. 1 yard

b. 2 yards

c. 3 yards

d. 4 yards


b. 2 yards

Economics

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All else equal, relative to a person who earns minimum wage, a person who earns $30 per hour has:

A. a higher opportunity cost of taking the day off work. B. the same opportunity cost of spending time on leisure activities. C. a higher opportunity cost of working an additional hour. D. a lower opportunity cost of driving farther to work.

Economics

Computers and insurance coverage produced in the United States and sold to people in other nations are categorized as

A) U.S. imports of goods and services.
B) U.S. exports of goods and services.
C) U.S. consumption goods and services.
D) foreign capital goods.
E) U.S. government goods and services.

Economics

As you move from left to right, the aggregate demand curve _____.

(A) May slope upward or downward (B) Slopes upward (C) Slopes downward (D) Is horizontal

Economics

An increase in the money supply will cause planned investment to ________ and consumption to ________.

A) decrease; decrease B) decrease; increase C) increase; increase D) increase; decrease

Economics