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Author Question: Refer to Figure 7-1. Suppose the government allows imports of leather footwear into the United ... (Read 26 times)

HCHenry

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on: Jun 29, 2018
Refer to Figure 7-1. Suppose the government allows imports of leather footwear into the United States. The market price falls to 24. What area represents domestic producer surplus?
 
  A) T + U B) V + W + X + Y C) W + X + Y D) V

Question 2

Workers laid off as a result of a recession suffer
 
  A) structural unemployment.
  B) seasonal unemployment.
  C) natural unemployment.
  D) cyclical unemployment.
  E) frictional unemployment.


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Zebsrer

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

D

Answer to Question 2

D


HCHenry

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

billybob123

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

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