The forecasting technique, which predicts technological trends and is carried out by a sequential series of written questions and answers is
A) the Delphi method.
B) the market research method.
C) opinion polling.
D) the jury of executive opinion approach.
A
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________ emphasized that animal spirits affect GDP
A) Adam Smith B) Milton Friedman C) David Ricardo D) John Maynard Keynes
The expected value of litigation is the expected value of the gain from litigation for the ________ and the expected value of the loss from the litigation for the ________.
A) defendant; plaintiff B) plaintiff; defendant C) defendant; defendant D) plaintiff; plaintiff
Many economists argue that the labor market may take a long time for wages to adjust to new equilibrium level
Indicate whether the statement is true or false
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.