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Author Question: The gains from trade include: i. lower prices from competition ii. greater output from ... (Read 31 times)

ts19998

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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.


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dajones82

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


ts19998

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Reply 2 on: Jun 29, 2018
Wow, this really help

laurnthompson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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