Which of the Following Is not a Reason Given for Why

question 13

Multiple Choice

Which of the following is not a reason given for why forecaster are so often incorrect?

• A) There is a temptation for economic forecasters to stay fairly close to the "norm," that is, "group think."
• B) Many analysts are simply too short-sighted.
• C) Economists and economic forecaster often suffer from information overload.
• D) Some economic forecasters are too broad-minded, trying to include a number of ideas in their forecasts.
• E) None of the above (that is, all are reasons cited for why forecasters are often incorrect)

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Definitions:

Indentured Servants

Workers who agreed to work for a certain period of time in exchange for passage to the New World and eventual freedom.

Diversified Economy

A diversified economy is one with a variety of sectors, industries, and activities that contribute to its growth, reducing reliance on any single economic sector.

Spanish Friars

Religious men from Spain belonging to various Catholic orders who were active in missionary work, often playing significant roles in the colonization and cultural integration in the Americas and the Philippines.

Florida Panhandle

The northwestern part of the state of Florida, characterized by its unique panhandle shape.