All of the Following Guidelines Are Appropriate for Designing a Bar

question 61

Multiple Choice

All of the following guidelines are appropriate for designing a bar chart except

• A)make the bars equal in width.
• B)stack the bars to show component parts of the variables.
• C)keep the spacing between bars equivalent to the width of one bar.
• D)arrange bars in a logical order.
• E)display the actual value represented by each bar if space permits.

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Definitions:

Absolute Advantage

The ability of a country, individual, or firm to produce a good more efficiently than another entity, using fewer resources.

Fewer Resources

A situation or condition where there is a reduced availability of inputs or factors of production such as land, labor, and capital.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.

Opportunity Cost

The expense incurred by not choosing the second-best option when making a decision or selection.