The combinations of goods X and Y that are affordable to the consumer are defined by the:

Using a graph, illustrate what the market effects of a quota, a tariff, or a complete ban on imports would be

What will be an ideal response?

If there is 3 percent frictional unemployment, 4 percent structural unemployment, and -2 percent cyclical unemployment, then the natural rate of unemployment equals:

A. 5%. B. 1%. C. 2%. D. 7%.