If Bonnie can produce either 10 hats or 20 scarves in a month, and Phil can produce either 10 hats or 5 scarves in a month, then
A) Bonnie is equally efficient at producing hats, compared to Phil.
B) Bonnie is more efficient at producing hats, compared to Phil.
C) Bonnie is more efficient at producing scarves, compared to Phil.
D) Phil is more efficient at producing scarves, compared to Bonnie.
C
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Bonds ________ and stocks ________
A) have a fixed number of interest payments; have a fixed number of dividend payments B) have a fixed number of interest payments; may pay dividends forever C) may pay interest payments forever; have a fixed number of dividend payments D) always pay interest payments forever; always pay dividends forever
U.S. imports involve an:
A. outflow of foreign currency from the United States to foreigners. B. outflow of dollars from the United States to foreigners. C. inflow of foreign currency from foreigners to the U.S. economy. D. inflow of dollars from foreigners to the U.S. economy.