Which of the following is NOT one of the lags that makes timely fiscal policy difficult?
A. Business Cycle lag
B. Recognition lag
C. Legislative lag
D. Implementation lag
Answer: A. Business Cycle lag
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From the table below, choose the optimum option using marginal analysis
Option Total Cost ($) 1 150 2 100 3 80 4 70 5 90 6 120 What will be an ideal response?
Constellation Brands Inc is the world's biggest wine firm with 300-plus brands, from jug wines to coveted California reds, including the Clos du Bois, Geyser Peak and Woodbridge by Robert Mondavi labels
Based on this characteristic of firms, why would Constellation be more efficient than a market at coordinating economic activity? A) Constellation has economies of scope. B) Constellation has lower transaction costs. C) Constellation has economies of scale. D) Constellation has economies of team production.
Until the creation of the Marine Hospital Service in 1918, the primary role of the federal government in health care was to quarantine ships and control ports to prevent epidemics
a. True b. False
Which of the following is true of offshore banking?
a. The offshore banks are mainly concentrated in the European Union and the transactions are generally denominated in euro. b. The offshore banks operate with costly restrictions and pay higher taxes than the domestic banks. c. The offshore banks usually charge higher rates of interest on consumption loans than the domestic banks. d. Offshore banks in the U.S. are able to offer a higher rate on dollar deposits and a lower rate on dollar loans than their domestic competitors. e. Offshore banking transactions are considerably less risky than domestic transactions as they are closely monitored by the government of the nations in which they operate.