« previous next »

Author Question: According the Lucas' misperception model, when prices unexpectedly rise, suppliers infer that their ... (Read 81 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
According the Lucas' misperception model, when prices unexpectedly rise, suppliers infer that their relative prices have _____, which induces them to _____ output.
 
  a. decreased; increase.
  b. increased; decrese.
  c. decreased; decrease.
  d. increased; increase.

Question 2

Tariffs provide domestic producers with incentives to be inefficient and operate on the basis of comparative disadvantage.
 
  Indicate whether the statement is true or false


mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Model Organism Drosophila Model Organism Drosophila
Anxiety model. Stressful events lead to symptoms of anxiety, which can be resolved by coping ... Anxiety model. Stressful events lead to symptoms of anxiety, which can be resolved by coping ...
A model of the 70S ribosome based upon early structural data A model of the 70S ribosome based upon early structural data
Model for induction of B. subtilis tyrS gene by uncharged tRNATyr Model for induction of B. subtilis tyrS gene by uncharged tRNATyr
The epigenetic stem cell model proposes that both epigenetic changes The epigenetic stem cell model proposes that both epigenetic changes
The X-linked genetic model of Morgan’s eye-color inheritance The X-linked genetic model of Morgan’s eye-color inheritance
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library