A Persistence Forecast Could Be Quite Accurate When ____

question 43

Multiple Choice

A persistence forecast could be quite accurate when ____.

• A)a frontal system approaches your location at a constant speed
• B)you are positioned in the middle of a large, stationary air mass
• C)the weather has been unusually cold for several days
• D)upper-level winds blow straight from west to east
• E)when a warm front is approaching

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Definitions:

Equilibrium Quantity

The amount of goods or services that is supplied and demanded at the equilibrium price.

Price Floor

A minimum price set by the government for certain goods and services, which cannot legally be lowered.

Temporary Surplus

A short-term situation where the supply of a product or service exceeds its demand, often leading to price reductions.

Permanent Surplus

A situation where a country consistently exports more goods and services than it imports, leading to a positive balance of trade over time.