Which firm is not dealing with adverse selection
a. a manufacturer forgoes a usual 90 day probationary period for new employees
b. a temporary clerical agency requires a typing test
c. a manufacturer requires suppliers to be ISO 900 . certified
d. Smokers get the worse life insurance rates as non-smokers
a
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Firms that are earning zero economic profits are
A. shutting down in the short run. B. breaking even. C. earning less than a normal rate of return. D. shutting down in the long run.
Discretionary fiscal policy is often initiated on the advice of the:
A. Congressional Budget Office B. Council of Economic Advisers C. Joint Economic Committee D. Federal Reserve Board
If demand is more elastic, the portion of an excise tax borne by a buyer will
A. increase. B. decrease. C. be unchanged. D. increase for normal goods, decrease for inferior goods.
The delay between the time at which an event occurs and the time at which policymakers become aware of it is called
A) the impact lag. B) the implementation lag. C) the government lag. D) the recognition lag.