A critical trade-off which must be considered when choosing a forecasting technique is that between: C. cost and accuracy.
<h3>What is a
forecasting technique?</h3>
A forecasting technique can be defined as a process through which predictions can be made about the economy, especially based on macroeconomic and microeconomic conditions such as:
In Economics, cost and accuracy is a critical trade-off which must be considered when choosing a forecasting technique.
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Answer:
Return Address
Explanation:
There are primarily <u>7 parts of a letter</u> and these are the following:
<em>1. Letterhead/Heading (business) or Return Address (an individual)</em>
<em>2. Date</em>
<em>3. Inside Address</em>
<em>4. Salutation/Greeting</em>
<em>5. Body</em>
<em>6. Complimentary Close</em>
<em>7. Signature</em>
The "Return Address" refers to the <em>address of the sender.</em> This includes the name of the sender as well. This is very important especially if the letter requires a response from the recipient.
Answer:
A surplus of avocados will result from the price ceiling.
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
A price ceiling is binding when it is set below equilibrium price.
The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price
