Assignment Problem: Answer the following questions (Write approximately 1 page for each of the questions).
Q1. What is meant by economic forecasting? Analyze the different challenges of economic forecasting.
Q2. Using examples describe the Three Economic Indicators: Leading, Coincidental, and Lagging.
Q3. Explain why nations import certain goods, even though they can be made more cheaply at home.
Q 4. With the aid of a diagram, discuss the 5 faces of business cycle.