« previous next »

Author Question: According the Lucas' misperception model, when prices unexpectedly rise, suppliers infer that their ... (Read 15 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?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Heart Model 2 Heart Model 2
A high-resolution model of the 50S ribosomal subunit A high-resolution model of the 50S ribosomal subunit
Rapid sea level rise Rapid sea level rise
Vulnerability – Stress Model Vulnerability – Stress Model
Phrenology model showing areas of the head overlaying brain regions that control different traits. I Phrenology model showing areas of the head overlaying brain regions that control different traits. I
Generalized model of semiconservative replication of DNA Generalized model of semiconservative replication of DNA
Video: Glycolysis - Introduction to ATP and the burning of sugar

For a complete list of videos, visit our video library