Scarcity Is the Result Of

question 14

Multiple Choice

Scarcity is the result of:

• A)​government decision making.
• B)​inappropriate normative judgments.
• C)​positive economics.
• D)​wants that exceed the resources necessary to provide them.

---

Definitions:

Trend Component

A pattern or direction in data that occurs over a long period, indicating a general tendency or movement in a set of data.

Regression Equation

A mathematical formula used to predict the value of a dependent variable based on the values of one or more independent variables, typically used in statistical analysis for prediction.

Qualitative Forecasting

A method of prediction that uses non-numerical information, such as expert opinions or market trends, to forecast future events.

Moving Average

A statistical measure used to analyze data points by creating a series of averages of different subsets of the full data set.