Collecting _____ Data Is Usually Easier Than Collecting _____ Data

question 19

Multiple Choice

Collecting _____ data is usually easier than collecting _____ data because the assessment can usually be done more quickly by a simple inspection or count.

• A)variable; attribute
• B)conformances; nonconformances
• C)attribute; variable
• D)simple; complex

---

Definitions:

Production and Consumption

The processes of creating goods and services (production) and using them to satisfy needs and desires (consumption).

Holiday Lighting

The practice of installing lights and other decorative lighting during holidays; not inherently economic but can involve significant expenditure and economic activity.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction.

Government Tax

is a compulsory financial charge or levy imposed by a government on individuals or corporations to fund public expenditures.