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Author Question: An increase in the unemployment rate may be represented as a movement from a point on the production ... (Read 103 times)

jman1234

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on: Jun 29, 2018
An increase in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a point inside the frontier.
 
  Indicate whether the statement is true or false

Question 2

Identify the two losses of efficiency associated with the imposition of a tariff.
 
  What will be an ideal response?


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jazzlynnnnn

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

TRUE

Answer to Question 2

First, consumers must pay a higher price for goods that could be produced at lower cost. Second, marginal producers are drawn into the industry away from other goods, resulting in inefficient domestic production.


jman1234

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Reply 2 on: Jun 29, 2018
Gracias!

Jossy

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Reply 3 on: Yesterday
:D TYSM

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