Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 60 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier.
B) inside Dina's production possibilities frontier.
C) outside Dina's production possibilities frontier.
D) at the vertical intercept of Dina's production possibilities frontier.
C
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A market with more than one seller and significant barriers to entry is called
a. perfect competition b. monopolistic competition c. an oligopoly d. collusive e. regulated
When the Fed makes a discount loan, the impact on the Banking System's balance sheet will reflect:
A. an increase in assets and a decrease in liabilities. B. an increase in assets and liabilities. C. an increase in liabilities with no change in assets. D. a decrease in assets and an increase in liabilities.
A slump in one industry could increase the relative attractiveness of another industry:
A. increasing the quantity of labor demanded in the latter. B. increasing the quantity of labor supplied in the latter. C. decreasing the quantity of labor supplied in the latter. D. decreasing the quantity of labor demanded in the latter.
Suppose a country that has been pegging its currency is faced with a situation where financial market participants now expect some future revaluation. In such a situation, we would generally expect which of the following to occur?
A) an increase in the domestic interest rate B) an announcement by the central bank that a large revaluation will occur in the near future C) an increase in demand for the country's currency D) all of the above E) none of the above