« previous next »

Author Question: According the Lucas' misperception model, when prices unexpectedly rise, suppliers infer that their ... (Read 25 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?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

A model of anxiety in which stressful events or a changing mental condition can produce unfavorable A model of anxiety in which stressful events or a changing mental condition can produce unfavorable
Critical thinking model for safety assessment Critical thinking model for safety assessment
Charles and Ray Eames, Side Chair, Model DCM. Charles and Ray Eames, Side Chair, Model DCM.
Tangential flow filtration model Tangential flow filtration model
Model of an Etruscan Temple Model of an Etruscan Temple
A three-dimensional model of transfer RNA A three-dimensional model of transfer RNA
Video: Neuron Structure Animation

For a complete list of videos, visit our video library