The fact that it takes time for government to identify and recognize a problem is one reason for the occurrence of
A) implementation lags. B) outside lags.
C) inside lags. D) structural lags.
C
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Critics of advertising argue that advertising by its very nature imposes a cost on society. Explain what these costs are
What will be an ideal response?
The supply of public school places is determined by
(a) individuals' demand for education. (b) direct and indirect costs of schooling. (c) political processes, often unrelated to economic criteria. (d) all of the above.
For a firm in a perfectly competitive industry, the demand curve for its own product is
A. always above the marginal revenue curve. B. vertical. C. the same as the marginal revenue curve. D. downward sloping.
The effect of a higher discount rate could best be represented by, ceteris paribus,
A. A downward shift of the investment demand curve. B. A movement up the investment demand curve. C. An upward shift of the investment demand curve. D. A movement down the investment curve.