The recognition lag is the length of time it takes between recognizing a problem and adopting a policy to address that problem.
a. true
b. false
Ans: b. false
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Suppose that you are an analyst working for a venture capital firm. An individual contacts you about backing his brand new Internet company. What information would you want before making this decision?
What will be an ideal response?
If the residents of a country receive income from their foreign investments, it is counted as a
A) credit in the current account. B) debit in the current account. C) credit in the capital account. D) debit in the capital account. E) debit in either the capital or current account, depending on the type of investment income.
When buyers in a competitive market take the selling price as given, they are said to be
a. market entrants. b. monopolists. c. free riders. d. price takers.
When you pay for items that are consumed immediately or wear out quickly by financing them with your credit card, your wealth
A) decreases. B) is non-taxable. C) expands. D) is saved for future use.