The Concept of Magnitude Is Found in Which of the Levels

question 20

Multiple Choice

The concept of magnitude is found in which of the levels of measurement below?

• A)nominal
• B)ordinal
• C)ratio
• D)a and b above

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Definitions:

Integrated Financial Markets

Financial markets that are globally interconnected, allowing capital to move freely across borders, enhancing efficiency and liquidity.

Pastoral Societies

Communities whose primary means of subsistence is based on the rearing and breeding of livestock.

Subsistence Pattern

The means by which a society acquires its food resources, ranging from hunting and gathering to agriculture and industrial food production.

Hunting

The practice of tracking and killing wild animals for food, recreation, or trade, often regulated by laws to ensure sustainable populations.