What are the prerequisites of a good forecast?
What will be an ideal response?
A forecast must be consistent with all aspects (parts) of a business. A forecast should be based on knowledge of the relevant past, unless underlying conditions change or there is no past to consider. A forecast must consider the economic and political environment in which businesses operate. A forecast must provide information in a timely manner.
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For about the past 45 years, federal taxes have remained relatively constant as a percentage of GDP.
Answer the following statement true (T) or false (F)
Which of the following conditions is not required for price discrimination?
A. The seller must possess some degree of monopoly power. B. Buyers with different elasticities must be physically separate from each other. C. The good or service cannot be resold by original buyers. D. The seller must be able to distinguish buyers with different elasticities of demand.
Explain how bank regulators seem to face a bit of a paradox regarding preventing monopoly power by banks and spurring competition.
What will be an ideal response?
What will be the effects of an increase in real output on the interest rate?
What will be an ideal response?