Author Question: The gains from trade include: i. lower prices from competition ii. greater output from ... (Read 47 times)

ts19998 · **on:** Jun 29, 2018

The gains from trade include:

i. lower prices from competition
ii. greater output from specialization
iii. greater variety of goods and services available
A) ii only
B) i and iii only
C) i and ii only
D) i, ii, and iii
E) ii and iii only

Question 2

Using this consumption function, the marginal propensity to consume is

A) 1.33. B) 0.75. C) 1.5 trillion. D) 2 trillion. E) 0.

The figure above shows three different consumption functions for a nation.