Data That Have Been Collected on One or More Variables

question 2

Multiple Choice

Data that have been collected on one or more variables at a single point in time is referred to as

• A) Cross-sectional data
• B) Time-cross-sectional data
• C) Time series data
• D) Panel data

---

Definitions:

Oil Barrels

A standard unit of measure for crude oil and other petroleum products, equivalent to 42 U.S. gallons.

Foreign Competition

The presence and influence of international companies in a domestic market, which can affect local businesses.

Foreign Wages

This refers to the rates of pay for workers in countries other than the home country, significant in discussions of outsourcing, labor markets, and international competitiveness.

U.S. Workers

Individuals working in the United States, encompassing all sectors and types of employment.