Which of the following would not be classified as an economic resource by economists?
A. A professional soccer player.
B. Water in a town's reservoir.
C. Money in a business checking account.
D. The manager of the local hamburger restaurant.
Answer: C
Economics
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The recognition lag for fiscal policy is ________ it is for monetary policy
A) generally longer than B) generally shorter than C) roughly the same as D) There is not a recognition lag for fiscal policy.
Economics
Assuming no change in the effective tax rate on capital, a decrease in the government budget deficit will reduce the current account deficit if and only if the decrease in the budget deficit
A) reduces desired national saving. B) increases desired national saving. C) reduces desired national investment. D) increases desired national investment.
Economics