One of the Characteristics of Forecasts Is

question 58

Multiple Choice

One of the characteristics of forecasts is

• A) aggregate forecasts are usually less accurate than disaggregate forecasts.
• B) disaggregate forecasts are usually more accurate than aggregate forecasts.
• C) short-term forecasts are usually less accurate than long-term forecasts.
• D) long-term forecasts are usually less accurate than short-term forecasts.
• E) none of the above

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Definitions:

Property Rights

Legal rights to possess, use, and dispose of assets, including land, buildings, and intellectual property.

Marginal Cost

The financial increase due to the production of an extra product or service unit.

Artificially Scarce Good

A product or service whose availability is restricted through patents, copyrights, or other legal means, rather than by the limits of physical scarcity.

Pigouvian Tax

A tax imposed on activities that generate negative externalities, intended to correct an inefficient market outcome by internalizing the external costs.