________ Is a Ranking Scale in Which Numbers Are Assigned

question 26

Multiple Choice

________ is a ranking scale in which numbers are assigned to objects to indicate the relative extent to which some characteristic is possessed.Thus it is possible to determine whether an object has more or less of a characteristic than some other object.

• A)Ordinal scale
• B)Interval scale
• C)Ratio scale
• D)Nominal scale

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Definitions:

Work Compromised

Occurs when the quality or integrity of work is diminished or placed at risk due to various factors, such as resource limitations or conflicts.

Negative Externalities

Costs suffered by a third party due to an economic transaction or activity for which they are not compensated.

Positive Externalities

Benefits that are experienced by third-parties or the society at large as a result of an economic transaction or activity, without those third parties directly paying for the benefits received.

Efficient Output Levels

Points of production where the economy can no longer increase the production of one good without decreasing the production of another good, achieving an optimal distribution of resources.