A problem with using fiscal policy to fine-tune the economy is that
A. fiscal policy impacts the economy too fast.
B. fiscal policy impacts only the largest states in the nation.
C. fiscal policy impacts only urban areas of the nation.
D. it takes time for policymakers to agree on the appropriate fiscal policy.
Answer: D
Economics
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Society faces a trade-off in all of the following situations except
A) when deciding who will receive the goods and services produced. B) when deciding how goods and services will be produced. C) when some previously unemployed workers find jobs. D) when deciding what goods and services will be produced.
Economics
Economic profit is
A) revenue - variable costs + fixed costs. B) revenue + variable costs - fixed costs. C) revenue - variable costs - fixed costs. D) revenue/cost of capital.
Economics