Which of the Following Statements Is True Concerning Cross-Tabulations with Two

question 57

Multiple Choice

Which of the following statements is true concerning cross-tabulations with two variables?

• A)Cross-tabulation with two variables is also known as bivariate cross-tabulation.
• B)Because two variables have been cross-classified,percentages could be computed either column-wise,based on column totals,or row-wise,based on row totals.
• C)The general rule is to compute the percentages in the direction of the independent variable,across the dependent variable.
• D)All of the above statements are true.

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achieved due to market distortion, such as taxes or subsidies, leading to a reduction in total welfare.

Vacationing Abroad

The act of traveling to another country for leisure, exploration, or relaxation purposes.

Consumer Surplus

The disparity between the total sum consumers are ready to pay for a product or service and the actual amount they end up spending.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting extra benefit or profit.