Debt service
A) is rarely an issue for high-income countries.
B) always makes a country worse off for having borrowed.
C) is a problem when the amount of debt is small relative to the size of the economy.
D) tends to benefit low- and middle-income countries at the expense of high-income countries.
A
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A monetary policy which is likely to bring about a "soft landing" requires that interest rates be ________ while inflation is ________ and unemployment is ________ the natural level
A) raised, rising, above B) raised, falling, below C) lowered, falling, above D) lowered, rising, below
Leakages cause diversion of income from the domestic spending stream
a. True b. False Indicate whether the statement is true or false
How much cloth production would Wendy forfeit in a day in order to produce 6 pounds of food?
a. 3 yards
b. 2 yards
c. 1 yard
d. 1/2 yard
Marginal utility is
A. the change in total utility from consuming an additional unit of a good. B. the utility received by the last consumer of a good. C. the total utility received from consuming a given quantity of a good divided by the number of units consumed. D. the utility received from consuming the first unit of a good.