The gains from trade include: i. lower prices from competition ...

[ts19998]

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.

[dajones82]

Answer to Question 1

D

Answer to Question 2

B

[ts19998]

Thanks for the timely response, appreciate it

[cassie_ragen]

Excellent