A Pairwise Comparison Rating of 7 Means That,relative to Alternative

question 44

Multiple Choice

A pairwise comparison rating of 7 means that,relative to alternative 2,alternative 1 is

• A)equally preferred.
• B)moderately preferred.
• C)strongly preferred.
• D)very strongly preferred.
• E)extremely preferred.

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Definitions:

Marginal Propensity

Marginal propensity refers to the proportion of an additional income that an individual consumes rather than saves.

Additional Income

Income that is received in addition to the primary source of income, such as earnings from side jobs or investments.

Permanent Increase

A long-term or indefinite rise in the level or amount of something, such as income, output, or investments.

Federal Budget Deficits

Occurs when a government's total expenditures exceed the revenue that it generates, excluding debt from previous years.