When the Levels of an Independent Variable Are Ordered Along

question 37

Multiple Choice

When the levels of an independent variable are ordered along a single dimension/scale,the resulting data would most effectively be displayed (i.e.,in a way that could be most rapidly understood by the viewer while still being appropriate) using a:

• A) bar graph
• B) line graph
• C) pie chart
• D) table

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Definitions:

Infant Industries

Newly established industries that are often protected by the government from international competition until they become competitive.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity can produce it.

Opportunity Costs

The loss of potential gain from other alternatives when one particular option is chosen over others.

Predatory Dumping

A practice where a company exports a product at a price significantly lower than its normal value, with the intention to drive out competition in the import country.