Which of the following best describes the significance of the fordney-mccumber tariff of 1922?
a. it created the first pension system for veterans’ widows in the nation’s history.
b. it was meant as retaliation against european protectionism.
c. it was a first step toward fair trade.
d. it demonstrated a repudiation of wilson’s free-trade ideas.
e. it was universally embraced as a means of protecting american workers.

The correct option is d. It demonstrated a repudiation of Wilson’s free-trade ideas.

Explanation:

In 1922, the U.S Senate established the Fordney-McCumber Tariff which set higher rates on  imported goods to protect American manufacturers. This legisation opposed Wilson´s ideas of free trade since it made it difficult for  European traders to compete with the domestic ones.

local max is .5

step-by-step explanation:

the local maximum is for x values between 2 and 4

it looks like the x value is 2.5 and the y value is .5

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.