What Are Two Types of Tools That Economists Use to Forecast

question 27

Multiple Choice

What are two types of tools that economists use to forecast future economic developments?

• A) leading indicators and computer models
• B) direct imputations and indirect attributions
• C) visual assessment and global positioning
• D) monetary instruments and fiscal instruments

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Definitions:

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for human use and consumption.

Price-Support Programs

Government interventions to maintain the market price of a commodity or product at a certain level by buying excess supply or offering subsidies.

Exodus

A mass departure or migration of people from one location to another.

Resources

Resources refer to assets, materials, and inputs used in the production of goods and services, including natural, human, and capital resources.