« previous next »

Author Question: According the Lucas' misperception model, when prices unexpectedly rise, suppliers infer that their ... (Read 26 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?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Bohr Model of Hydrogen Atom Bohr Model of Hydrogen Atom
A Simple Model of the Learning Process A Simple Model of the Learning Process
Schematic of a mitochondrion and Computer model generated from electron tomograms of a mitochondrion Schematic of a mitochondrion and Computer model generated from electron tomograms of a mitochondrion
A model for initiation of E. coli DNA replication at oric A model for initiation of E. coli DNA replication at oric
Denney's model ON actual level of performance on exercised and unexercised abilities Denney's model ON actual level of performance on exercised and unexercised abilities
A three-dimensional model of transfer RNA A three-dimensional model of transfer RNA
Video: Causes of Angina

For a complete list of videos, visit our video library