If a Variable Is Measured on a Nominal Scale,the Median

question 88

True/False

If a variable is measured on a nominal scale,the median should be used.

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Definitions:

Quotas

Predetermined limits set on the quantity of goods that can be produced, imported, or exported.

Market Outcomes

The results of all the buying and selling activities in a particular market.

Price Floor

A government-imposed minimum price for a good or service, aimed at preventing prices from falling too low.

Government Surplus

The situation where government revenues exceed its expenditures during a specific period.