Subcategories Are the Lowest Level of Code Description and Specificity

question 14

True/False

Subcategories are the lowest level of code description and specificity.

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Definitions:

Choice Set

A set of all possible options available for a consumer or a decision-maker in a given context.

Budget Constraint

The limitations on the purchasing power of a consumer, stemming from their income and the prices of goods and services.

Clothing

Clothing and items donned on the body, usually crafted from textiles or cloths.

Food

Consumable items produced through agriculture, farming, hunting, fishing, or food processing that individuals eat for nutrition and pleasure.