If S/he Wanted to Use the Highest Level of Measurement

question 51

Multiple Choice

If s/he wanted to use the highest level of measurement possible, the researcher measuring respondent age would most likely suggest using______________and a(n) ______________scale.

• A) an open-ended item; interval
• B) an open-ended item; ratio
• C) age range categories; ordinal
• D) age range categories; interval
• E) an open-ended item; nominal

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Definitions:

Inputs

Resources used in the production process to produce goods or services, including labor, raw materials, and capital.

Output

The total amount of goods or services produced by a company, industry, or economy over a given period.

Diseconomies of Scale

The phenomenon where production costs per unit increase as the scale of operation enlarges, often due to inefficiencies or increased complexity.

Constant Returns to Scale

A situation in economic production where increasing all inputs by any proportionate amount results in output increasing by the same proportion.