Optimization in levels calculates: A) only the costs of an ...

[nevelica]

Optimization in levels calculates:
 
  A) only the costs of an alternative and not the benefits.
  B) the total net benefits of different alternatives.
  C) the change in net benefits resulting from a shift from one alternative to another.
  D) only the benefits of an alternative and not the costs.

Question 2

The amount of time it takes Congress to debate the size of a tax cut is known as the
 
  A) recognition time lag. B) action time lag.
  C) effect time lag. D) Ricardian-equivalence time lag.

[aloop]

Answer to Question 1

B

Answer to Question 2

B