When You Accept Unquestionably What Your Own Personal Judgment Tells

question 21

Multiple Choice

When you accept unquestionably what your own personal judgment tells you about the world,you are relying on _______.

• A) skepticism
• B) authority
• C) intuition
• D) scientific understanding

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Definitions:

Uncertainty

The lack of complete certainty, that is, the existence of more than one possibility in the outcome of a future event.

Econometric

Relating to econometrics, the branch of economics that applies statistical and mathematical methods to analyze economic data and test theories.

Prime Interest Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in the economy.

Time Series

A sequence of data points recorded or measured at successive times, usually at uniform intervals.