What are the common characteristics of developing countries?
What will be an ideal response?
Common characteristics of developing countries are: low per capita income, high fertility rates, high infant mortality rates, low levels of adult literacy, and a small percentage of the labor force in urban areas.
Economics
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When using extrapolation to forecast
A) a time series of past observations is used. B) there is a large error term in the results. C) predictions can only be made about the future. D) dummy variables can skew the results.
Economics
What is cost-benefit analysis? Describe the process of cost-benefit analysis
What will be an ideal response?
Economics