An explanatory forecasting technique in which the analyst must select independent variables that help determine the dependent variable is called
A) exponential smoothing.
B) regression analysis.
C) trend analysis.
D) moving average method.
B
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From 1977-2011, the average duration of unemployment has been highest in which of the following places?
A) Canada B) Europe C) Mexico D) the United States
Answer the following questions true (T) or false (F)
1. When a business is set up as a partnership, the owners of the business face unlimited liability. 2. The only type of business that faces unlimited liability is a sole proprietorship. 3. In the United States, partnership profits are taxed at the business level and then are taxed again as personal income in the form of dividend payments.
The Keynesian theory is consistent with the business cycle fact that inflation is
A. countercyclical and leading. B. countercyclical and lagging. C. procyclical and lagging. D. procyclical and leading.
Refer to the data below. Which of the following statements about the two nations is correct based on the principle of comparative advantage?
Answer the following question based on the data provided in the tables below for two hypothetical nations, Wat and Xat. The nations have the production possibilities for rice and corn given in the following table:
A. Xat should specialize in the production of corn
B. Wat should specialize in the production of rice
C. Xat has a comparative advantage in the production of rice
D. Xat has a comparative advantage in the production of corn