The delay between when a problem is recognized and when policy action is taken is referred to as the

A) recognition lag.
B) action lag.
C) effectiveness lag.
D) policy lag.


B

Economics

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Why is a tax inefficient?

What will be an ideal response?

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The market demand curve for a public good

a. is the horizontal sum of all individual demand curves b. is the vertical sum of all individual demand curves. c. is upward sloping d. is horizontal e. does not exist

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An example of direct marketing is

A. allowing the use of the product for 7 days before the consumer is billed for the product. B. the use of coupons in newspapers. C. charging customers who pay with cash a different price than those using credit cards. D. the use of personalized advertising by using mailing lists.

Economics

In the circular flow diagram, households' payments ________ the government.

A. flow into and out of B. do not affect C. only flow into D. only flow out of

Economics