The amount of time that it takes to identify a national economic problem is
A) the effect time lag.
B) the action time lag.
C) the recognition time lag.
D) fiscal policy.
C
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A problem for developing countries is that the prices of primary products fluctuate more widely than do the prices of finished goods because
a. crop supply changes very little despite the weather b. crop supply fluctuates with the weather c. weather never varies d. crops go in and out of fashion as new diets are developed e. crop demand fluctuates with the weather
Define the term rationing device and give an example of each of three possible rationing devices. Explain how scarcity implies the need for a rationing device
A decrease in aggregate demand is seen as a(n):
A. upward movement along the aggregate demand curve. B. downward movement along the aggregate demand curve. C. shift to the left in the aggregate demand curve. D. shift to the right in the aggregate demand curve.
All of the following concerns have been raised about crowd funding EXCEPT:
A) possibility of fraud B) lack of liquidity C) information costs D) limits access to funds for business start ups