The lag between the time that the need for fiscal action is recognized and the time action is actually taken is referred to as the?

Administrative lag

Explanation:

Administrative lag is defined as the lag of time that occurs between any issue identification and measure take to handle and correct the problem by finding solution.

In terms of economic field, the time required to recognize and realize the change in tax and the time to enact on those modification. This time gap is known as administrative lag.

muslims have taken his goods and products to different parts of asia an indonesia. sometimes just traveled and trade, but in other occasions, stayed in the place and made a living.

trade was the key for muslims economies to prosper. their commerce routes reached far places like malaysia and java in the 11th century.

another important factor for prosperity was that muslim states served as the middle point for european traders.

they used to travel by land but sailing the seas -the indian ocean- really increase the exportation of products.

answer; a cost benefit analysis;