The data lag is the time between
A) the implementation of a policy and when the impact of the policy is felt.
B) the enactment of a policy and the implementation of the policy.
C) realizing a policy is needed and enacting the policy.
D) the occurrence of an event and policymakers realizing the event has occurred.
D
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Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 25 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
In the specific factors model, which of the following will increase the quantity of labor used in cloth production?
A) an increase in the price of cloth relative to that of food B) an increase in the price of food relative to that of cloth C) a decrease in the price of labor D) an equal percentage decrease in the price of food and cloth E) an equal percentage increase in the price of food and cloth
In which of the following years was inflation in the United States the highest?
a. 1960. b. 1970. c. 1980. d. 1990. e. 2007.
What distinguishes nudge policies from push policies?
A. Nudges affect incentives, whereas pushes do not. B. Nudges are libertarian, whereas pushes are not. C. Nudges are implemented by the government; pushes are implemented by firms. D. Nudges affect choices, whereas pushes do not