Select the correct statement
a. Qualitative forecasts give the direction of change.
b. Quantitative forecasts give the exact amount or exact percentage change.
c. Diffusion forecasts use the proportion of the forecasts that are positive to forecast up or down.
d. Surveys are a form of qualitative forecasting.
e. all of the above are correct.
e
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Refer to the above payoff matrix for the profits (in $ millions) of two firms (A and B) and two pricing strategies (high and low). Which of the following is the outcome of the dominant strategy without cooperation?
A) Both firm A and firm B choose the high price. B) Both firm A and firm B choose the low price. C) Firm A chooses the low price while firm B chooses the high price. D) Firm A chooses the high price while firm B chooses the low price.
The demand curve for labor indicates that:
a. as the real wage rate increases, employers will hire more workers. b. as the nominal wage rate increases, employers will hire more workers. c. as the nominal wage rate decreases, the real wage rate increases. d. as the real wage rate increases, employers will hire fewer workers. e. as the real wage rate decreases the nominal wage rate increases.