Most economic forecasts
A) are accurate
B) are more reliable than weather forecasts
C) rely on mathematical models
D) are totally unreliable because economic changes upset outcomes
E) are based on ceteris paribus assumptions
Correct Answer:
Verified
Q46: The basic difference between microeconomics and macroeconomics
Q47: A positive economic statement concerns
A) an opinion
Q48: If John says the price of gasoline
Q49: Which of the following questions would not
Q50: The circular flow diagram is
A) an accurate
Q52: Finite resources
A) must be renewable
B) must be
Q53: An example of a nonrenewable resource is
A)
Q54: Gold is
A) not a resource in the
Q55: Economics is considered to be one of
Q56: Land, water, metals, and minerals are considered
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