Which of the Following Factors Would Be Considered a Classification

question 32

Multiple Choice

Which of the following factors would be considered a classification variable?

• A)Diets
• B)Exercise routines
• C)Heights
• D)Temperatures in the room
• E)Exercise time

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Definitions:

Consumers Vote

Refers to the concept where consumers express their preferences and influence market trends through their purchasing choices.

Government Sets Prices

A policy or situation in which the government directly controls or sets the prices of goods and services in an economy, rather than allowing them to be determined through free-market forces.

Market Reform

a strategic change in economic policies and regulations intended to create a more competitive and efficient market environment.

Market-Oriented Economy

An economic system where supply and demand determine the production of goods and services, with minimal government intervention.