The slope of the budget constraint:
A) changes as the marginal rate of substitution changes.
B) is the ratio of the prices of the two goods.
C) is the ratio of the budget to total utility.
D) equals one, since the consumer can purchase any combination along the budget constraint.
B
Economics
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In an open economy, this country will ________ million bushels of corn.
A. import 150 B. import 600 C. export 600 D. export 300
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As of 2015, the federal budget deficit was about ________ of GDP, and ________ of the deficit came from interest payments on federal debt.
A. 50 percent; almost none B. 50 percent; almost all C. 2.5 percent; almost all D. 2.5 percent; about half
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