All of the following are criteria used to select a forecasting technique EXCEPT:
a. the accuracy required of the forecasting model
b. the time required to complete the model
c. the complexity of the relationships being forecast
d. the cost associated with developing the forecasting model
e. all of these are criteria used to select a forecasting technique
b
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The deadweight loss represent the sum of added consumer and producer surplus if the firm would produce the quantity where P = MC
Indicate whether the statement is true or false
Either an increase in wealth or an increase in population would increase consumption and aggregate demand, other things equal
a. True b. False Indicate whether the statement is true or false
The theory of public choice assumes that individual behavior in the political arena is motivated primarily by
a. the electorate b. social welfare c. public interest d. altruism e. self-interest
Which statement is false?
A. The spreading use of electricity during the 1920s helped create rapid economic expansion in that decade. B. The stock market rose very rapidly in the late 1920s. C. Between 1921 and 1929 national output rose by 50 percent. D. None of the statements are false.