When foreign aid is tied to purchases of low-priced food from the donor country, farm prices can drop in the developing countries, hurting poor farmers

Suppose the airplane market is an oligopoly. If the firms act as a monopolist, the price will be ________ and if the firms act as competitors the price will be ________

A) $13 million per plane; $1 million per plane B) $1 million per plane; $13 million per plane C) $13 million per plane; $13 million per plane D) $1 million per plane; $1 million per plane E) None of the above answers is correct.

All of the following are problems caused by deflation except

A. Borrowers face an increased burden of debt B. The real interest rate becomes higher than the nominal interest rate C. Firms make higher profits as consumers buy more goods and services D. Consumers postpone purchases in the hope of lower prices in the future