In economic theory, an unemployment rate of _________ considered desirable

The figure below shows the U.S. market for imported wine. For simplicity, we consider export supply curves to be flat. Chilean wine is available for $480 per barrel and French wine is available for $420 per barrel.Suppose the United States has a tariff of $80 per barrel on imported wine. Then, the United States joins a free-trade area with Chile. How many barrels of wine will the United States import after joining the free-trade area?

A. 15 million barrels B. 10 million barrels C. 22 million barrels D. zero barrels

One characteristic that has allowed the U.S. economy to change the mix of output in response to consumer demand is the

A. Factor mobility which is the increased ease with which resources move from one industry to another. B. Labor-intensive production process. C. Abundance of scarce resources. D. Large number of proprietorships.