International comparisons of income inequality indicate that the degree of inequality is greatest in:
a. developing countries

The delay between the time a policy is enacted and the time the policy has its effect on the economy is called

A) the impact lag. B) the implementation lag. C) the government lag. D) the recognition lag.

Comparative advantage is the ability of a country to produce a good at a ________ opportunity cost relative to other countries

a. higher b. lower c. equivalent d. none of the above