The delay between when a problem is recognized and when policy ...

[jho37]

The delay between when a problem is recognized and when policy action is taken is referred to as the
 
  A) recognition lag.
  B) action lag.
  C) effectiveness lag.
  D) policy lag.

Question 2

If low-quality workers are unable to obtain a college degree, then a separating equilibrium can occur if
 
  A) the cost of obtaining a degree is less than the wage premium paid to those who have obtained the degree.
  B) the cost of obtaining a degree is greater than the wage premium paid to those who have obtained the degree.
  C) the cost of obtaining a degree is zero.
  D) the wage premium paid to those who have obtained the degree is positive.

[carlsona147]

Answer to Question 1

B

Answer to Question 2

A