Lags in the policy-making process come from:
A. lack of understanding the current state of the economy.
B. the process of deciding on and passing legislation.
C. the time it takes for policy to have an impact on the economy.
D. All of these are true.
D. All of these are true.
You might also like to view...
________ of a foreign bank operates in the U.S. but cannot accept deposits from domestic residents
A) An agency office B) A universal corporation C) A McFadden corporation D) A Basel branch
The action time lag is the time period that elapses
A) between when an economic problem manifests itself and it is officially acknowledged. B) between the recognition of an economic problem and implementing policies to solve it. C) between implementing policies to solve an economic problem and when the results of that policy can be measured. D) between the beginning of the budgetary process and the final budget resolution.
Resources are costly because they have alternative uses
a. True b. False Indicate whether the statement is true or false
Riva crafts and sells hard cider as a part-time job. She can bottle and sell four cases in a week. She is considering hiring her friend Atul to help her. Together, Riva and Atul can bottle and sell seven cases per week. What is Atul's marginal product?
a. 2 cases b. 3 cases c. 5 cases d. 7 cases