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. Tracy should specialize in sandwiches and smoothies.
B. Dan should specialize in sandwiches, and Tracy should specialize in smoothies.
C. Dan should specialize in both sandwiches and smoothies.
D. Dan should specialize in smoothies, and Tracy should specialize in sandwiches.
Answer: B
Economics
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The federal funds interest rate
a. can be raised or lowered by the Federal Reserve to regulate the volume of loans to banks. b. is administered by the Open Market Committee. c. increases when the fed conducts open market purchases. d. is set by Congress. e. none of the above.
Economics
If Bank A sells a $100,000 U.S. Treasury bond to the Fed, Bank A's reserves will:
A. increase by $100,000. B. not change. C. decrease. D. increase by less than $100,000.
Economics