Not Enforcing Property Rights in an Economy Will

question 104

Multiple Choice

Not enforcing property rights in an economy will

• A)cause the market system to work efficiently.
• B)not change the level of investment.
• C)lower the level of investment.
• D)raise the level of investment.

---

Definitions:

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.

Exponential Smoothing Model

A time series forecasting technique that applies weighting factors which decrease exponentially to past observations.

Mean Absolute Percentage Error

A measure used in statistics to assess the accuracy of a forecast or prediction, calculated as the average of absolute percentages of errors between predicted and observed values.