The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell a MP3 player is $10. If he signed a fixed-fee rental contract with the store owner and pays $400 as the rent,

In countries that have experienced hyperinflation, what role have large government budget deficits played in causing the very high inflation rates?

What will be an ideal response?

Which of the following will occur in a small country with a high marginal propensity to import?

A) Changes in government spending will cause large changes in output. B) Changes in government spending will cause large changes in the trade balance. C) A depreciation will cause only small changes in the trade balance. D) There is no combination of policies that can eliminate the trade deficit. E) all of the above