The Delphi method is a
A) smoothing technique in forecasting.
B) consensual forecast based on expert opinions.
C) compound growth approach to forecasting.
D) naïve forecasting approach.
B
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Since World War II, about ______ out of every ten family farms have disappeared.
A. one B. three C. five D. seven
The inclusion of external benefits in the decision making process determining equilibrium price and quantity leads to
A) lower priced items and increased quantity. B) lower priced items and a decline in quantity. C) higher priced items and increased quantity. D) higher priced items and a decline in quantity.
Which of the following will increase investment spending?
a. More optimistic business expectations. b. An increase in interest rates. c. An increase in business taxes. d. A decrease in capacity utilization. e. All of these.
Property rights are well established for
a. private goods. b. public goods. c. common resources. d. both (b) and (c).