Central banks in developing countries:
A. monetize government debt to a much greater degree than developed countries.
B. monetize government debt to roughly the same extent as developed countries.
C. monetize government debt, but in a more limited manner than developed countries.
D. do not monetize government debt.
Answer: A
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The marginal rate of substitution is the rate at which a person is willing to substitute one good for another good while remaining on the same indifference curve
Indicate whether the statement is true or false
Which of the following is a normative statement?
a. Fifteen percent of Americans go without health insurance in a year. b. The Consumer Price Index rose three-tenths of one percent in May. c. An increase in the minimum wage will increase teenage unemployment. d. Americans would be better served by single-payer health care system. e. The French trade deficit reached an all-time high last year.
The Ricardian model can be simplified and made more explanatory by assuming that there is only one resource used in producing goods. What did Ricardo assume the resource was?
a. capital b. technology c. labor d. loanable funds
Suppose your utility function is given by 
. What is your demand function for 
?
What will be an ideal response?