If the marginal propensity to consume is 0.60, then the multiplier equals

The opportunity cost of going to college

A) is zero if your parents pay your tuition. B) includes wages you lose by going to school instead of working. C) is equal to the cost of tuition, room and board, and other expenses. D) is the same for all students at a particular school who pay full tuition.

If the world terms of trade equal those of country F, then

A) country H but not country F will gain from trade. B) country H and country F will both gain from trade. C) neither country H nor F will gain from trade. D) only the country whose government subsidizes its exports will gain. E) country F but not country H will gain from trade.