Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?
a. Adam's production and productivity are higher than Doug's.
b. Adam's production is higher than Doug's, but Doug's productivity is higher than Adam's.
c. Doug's production is higher than Adam's, but Adam's productivity is higher than Doug's.
d. Doug's production and productivity are higher than Adam's.
b
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Candy makers accurately anticipate the increase in demand for candy for Halloween so that the supply of candy and demand for candy increase the same amount. As a result, the price of candy ________ and the quantity of candy ________
A) rises; does not change B) falls; increases C) does not change; increases D) does not change; does not change E) rises; increases
An increase in income will cause
A) a reduction in the supply of central bank money. B) a reduction in the demand for currency. C) an increase in the demand for reserves. D) none of the above