Which One of the Following Is an Example of a Ratio

question 40

Multiple Choice

Which one of the following is an example of a ratio level of measurement?

• A) the number of times a laboratory monkey presses a bar in its experimental chamber during a one-hour period
• B) the temperature in Celsius of a hospital patient
• C) a racing-car driver's position at the end of a race
• D) a patient' rating of his own anxiety level on a scale where l0 represents "low anxiety" and l00 represents "extreme anxiety"

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Definitions:

Deadweight Loss

Deadweight loss is a loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, often due to market failures, taxes, or subsidies.

Excise Tax

A tax levied on specific goods or services at purchase such as alcohol, tobacco, and gasoline.

Elastic

Describes a situation in which the demand for a product or service significantly changes in response to a change in its price.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.