Refer to the diagram above, which represents a country's supply ...

[HCHenry]

Refer to the diagram above, which represents a country's supply and demand for an internationally traded good. If PW is the world price, and a foreign country engages in dumping by selling at P2, total domestic production will ________ to ________.
 
  A) increase; Q2
  B) decrease; zero
  C) increase; Q5
  D) increase; Q3

Question 2

In autarky, when a community maximizes its standard of living, its consumption point is
 
  A) below the production possibility frontier.
  B) on the production possibility frontier.
  C) above the production possibility frontier.
  D) can't tell without more information.

[blazinlyss]

Answer to Question 1

B

Answer to Question 2

B

[HCHenry]

Thanks for the timely response, appreciate it

[parker125]

Great answer, keep it coming