The Direct Election of Senators

question 153

Multiple Choice

The direct election of Senators

• A) will probably be passed in the next several decades.
• B) was part of the original Constitution.
• C) was passed in 1913 in the form of a constitutional amendment.
• D) makes Senators the only members of Congress directly responsible to their constituents.
• E) has made Congress work more quickly.

Know the basics of naïve forecasts and their application.

Grasp the concept of seasonal indices and their role in adjusting raw data.

Interpret the implications of a trend projection equation's slope on future values.

Understand seasonality in data and its impact on forecasting.

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Definitions:

Semiannually

Occurring or happening twice a year; every six months.

Face Value

The nominal value printed on a bond or share, distinct from its market value.

Par Value

The face value of a bond or stock, representing the amount the issuer agrees to pay at maturity (for bonds) or as an arbitrary value assigned to shares.

Debt Relationship

The connection between borrowers and lenders, specifying the terms under which debt capital is lent and must be repaid.