Examlex

Solved

The Effects of a Price Change Are Always Understated by a Partial-Equilibrium

question 44

True/False

The effects of a price change are always understated by a partial-equilibrium analysis when compared to a general-equilibrium analysis.


Definitions:

Bracero Program

System agreed to by Mexican and American governments in 1942 under which tens of thousands of Mexicans entered the United States to work temporarily in agricultural jobs in the Southwest; lasted until 1964 and inhibited labor organization among farm workers since braceros could be deported at any time.

Puerto Rican Migrants

Individuals from Puerto Rico who move to other regions or countries, often for economic, social, or political reasons.

Agribusiness

The industry involved in the production, processing, and distribution of agricultural products.

Suburban Transit Centers

Key transportation hubs located in suburban areas designed to facilitate the movement of people to and from urban centers.

Related Questions