The Subject of Economics Is Primarily the Study Of

question 11

Multiple Choice

The subject of economics is primarily the study of:

• A) the government decision-making process.
• B) how to operate a business successfully.
• C) decision-making because of the problem of scarcity.
• D) how to make money in the stock market.

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Definitions:

Seasonal Factor

A variable or coefficient that adjusts data to account for predictable seasonal variations in statistics or business metrics.

Exponential Smoothing

A time series forecasting method for univariate data that averages the data in a way that gives less weight to older observations.

Seasonal Factor

A quantitative adjustment factor applied to economic or statistical data to account for seasonal variations of the data point.

Exponential Smoothing

A forecasting technique that applies decreasing weights to past observations as they recede in time.