Over the Past Two Years,home Values Have Been Decreasing

question 29

Multiple Choice

Over the past two years,home values have been decreasing.This is an example of a(n) :

• A)symptom
• B)ambiguous situation
• C)descriptive hypothesis
• D)causal inference

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Definitions:

Competitive Forces

The external factors that influence the competitive position of a firm within an industry, including competition from rivals, potential new entrants, substitute products, bargaining power of suppliers, and bargaining power of customers.

Marginal Benefits

The additional benefits received from consuming or producing one more unit of a good or service.

Marginal Costs

The additional cost incurred in the production of one additional unit of a good or service.

Economic Decisions

The choices made by individuals, firms, or governments regarding the allocation of resources to satisfy needs and desires.