In one week Alice can produce 5 pairs of shoes or 4 bookshelves while Roger can produce 10 pairs of shoes or 6 bookshelves. Alice should specialize in the production of
A) shoes.
B) bookshelves.
C) either shoes or bookshelves.
D) neither shoes nor bookshelves.
B
Economics
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The production possibilities frontier shows
A) what people want firms to produce in a particular time period. B) what an equitable distribution of products among citizens would be. C) the maximum attainable combinations of two products that may be produced in a particular time period with available resources. D) the various products that can be produced now and in the future.
Economics
Which of the following is included in M2 but NOT in M1?
A) NOW accounts B) demand deposits C) currency D) money market mutual fund shares (retail)
Economics