When comparing partial equilibrium effects to general equilibrium effects one can conclude that
A) general equilibrium effects are always larger.
B) partial equilibrium effects are always larger.
C) the effects are of equal size.
D) one cannot determine before the fact which effect is greater.
D
Economics
You might also like to view...
A common resource is nonrival but excludable
Indicate whether the statement is true or false
Economics
Which of the following could make Chinese-made goods more expensive for American consumers?
A. An increase in the value of the yuan B. An increase in the inflation rate in the United States C. A decrease in the size of the U.S. trade deficit D. An increase in the value of the dollar
Economics