Suppose Ann can produce 8 units of a material good (M) or 4 units of a spiritual good (S) in a day, while Ben can produce only 3 Ms or 3 Ss in a day. Both Ben and Ann can potentially produce a larger combination of M and S if
A) Ann produces both M and S and Ben produces neither.
B) Ann specializes in M and Ben specializes in S and neither of them trade.
C) Ann specializes in S and Ben specializes in M and they exchange with one another.
D) Ann specializes in M and Ben specializes in S and they exchange with one another.
D
Economics
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a. immediately. b. very quickly, with a small number of rounds of spending. c. after a very long period of time. d. after multiple rounds of spending occur.
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Stable money and prices are a key source of economic growth because
What will be an ideal response?
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