Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12 minutes to make a smoothie. Which of the following statements is correct?
A. Dan should specialize in both sandwiches and smoothies.
B. Dan should specialize in smoothies, and Tracy should specialize in sandwiches.
C. Dan should specialize in sandwiches, and Tracy should specialize in smoothies.
D. Tracy should specialize in sandwiches and smoothies.
Answer: B
You might also like to view...
In the aggregate expenditures diagram, the ________ line relates planned aggregate expenditure to output and the ________ line represents the condition that aggregate expenditure (AE) equals equilibrium output (Y).
A. 45°; aggregate expenditure B. consumption function; 45° C. aggregate expenditure; 45° D. 45°; consumption function
An example of the quality change bias, and not a new goods bias, in the calculation of the CPI is a price increase in
A) Coke versus Pepsi. B) DVDs purchased on Craigslist, an online classified website. C) a 2013 GPS unit versus a 2008 GPS unit. D) etexts versus used books . E) pants purchased by a first-time shopper at Aeropostale.
Inmates from the county prison who are on work release are counted as part of the labor force
a. True b. False Indicate whether the statement is true or false
The decision that the European Union should have a common currency was made at:
a. Maastricht b. Rome c. Vienna d. London