According to New Classical Economists,policies Should Be Introduced Suddenly to Surprise

question 58

Multiple Choice

According to new classical economists,policies should be introduced suddenly to surprise the economy in order to

• A)Prevent political lobbying that results in goal conflicts.
• B)Minimize design problems that impede the implementation of policy.
• C)Prevent anticipatory behavior that defeats the purpose of the policy.
• D)Avoid the lags associated with policy announcements.

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Definitions:

Multiple Production

Involves producing multiple products or variants from the same base of raw materials or through similar production processes, aimed at diversification and efficient resource use.

Direct Labor Hours

The cumulative hours spent by workers directly engaged in manufacturing products or delivering services.

Activity-Based Cost

A costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.

Indirect Labor

Labor costs associated with tasks that do not directly contribute to the production of goods or services, such as administrative and maintenance roles.