If a 2 percent change in price leads to a ________ percent change in the quantity demanded, then demand is ________

Recall the Application. Greece faced a major financial crisis in 2010 as its budgetary imbalance became quite severe. Since Greece is a member of the Euro-zone, it could no longer ________ as a potential solution to its financial problems

A) depreciate its currency B) raise taxes C) reduce wages and prices D) cut spending

A student athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise

A) is the benefit she gets from all the hours she's worked out all week. B) is the benefit she receives from exercising the additional hour. C) is less than the marginal cost of the additional hour. D) depends on the cost of the workout.