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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Which of the following is a difference between the terms quantity supplied and supply?
a. The term quantity supplied refers to the total number of units of a good that sellers are willing and able to sell at a given price, while the term supply refers to how much of the good sellers are willing and able to sell at all prices. b. The term quantity supplied refers to how much of a good sellers are willing and able to sell at all prices, while the term supply refers to the total number of units of the good that sellers are willing and able to sell at a given price. c. The term quantity supplied refers to the total number of units of a good that is supplied within an economy, while the term supply refers to the total number of units of the good that is exported by the economy. d. The term quantity supplied refers to the total number of units of a good that is exported by an economy, while the term supply refers to the total number of units of the good that is supplied within the economy.
Municipal bonds pay a relatively
a. low rate of interest because of their high default risk and because the interest they pay is subject to federal income tax. b. low rate of interest because of their low default risk and because the interest they pay is not subject to federal income tax. c. high rate of interest because of their high default risk and because federal taxes must be paid on the interest they pay. d. high rate of interest because of their low default risk and because the interest they pay is not subject to federal income tax.