If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in one year?

Import restrictions usually benefit domestic producers at the expense of domestic consumers

a. True b. False

Bill can cook dinner in 45 minutes and mow the lawn in 1.5 hours. Eileen can cook dinner in 1.5 hours and mow the lawn in 2 hours. Which of the following statements is correct?

a. Bill should specialize in both tasks. b. Bill should specialize in cooking dinner; Eileen should specialize in mowing the lawn. c. Bill should specialize in mowing the lawn; Eileen should specialize in cooking dinner. d. Eileen should specialize in both tasks. e. neither person should specialize.