Answer:
A production combination outside of the PPF is unattainable by the economy with the given resources and technology.
This represents the Concept of scarcity in economics.
If the economy wishes to achieve the production point outside the frontier, they will have to enhance the production possibility capacity by introducing new technology or finding new resources.
Explanation:
The prices of Japanese goods will increase.
<h3>Economic Principles of Demand and Supply </h3>
Following the principles of demand and supply, the higher the price, the higher the quantity supplied (all other factors remaining constant).
Recall that cost of production for Japanese goods has also increased according to the question. When prices increase, suppliers sometimes want to take advantage to create even additional inflation in order to get additional profit. Hence they put out more goods at the instance of increased prices.
See the link below for more about the law of supply:
brainly.com/question/4803223
Answer:
The correct answer is letter "E": perception of social status.
Explanation:
The perception of social status refers to discriminating people by the level of income and lifestyles they have. People with higher buying power are usually seen as smarter and more educated while those with below-average income are usually seen with relative mistrust.
This is a stereotype that leads to having incorrect ideas of how people are. In front of job interviews, all applicants must be evaluated based on their <em>qualifications, skills, </em>and <em>experience</em> rather than on what is the price tag of the clothing they are wearing.
