A Bar Graph

question 48

Multiple Choice

A bar graph:

• A)is useful when showing what has happened over time.
• B)may be shown by vertical bars to illustrate the comparative sizes of different observations.
• C)is useful when the true direction of causality between two variables is reversed.
• D)shows the percentages of a total amount that can be attributed to various components.

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Definitions:

Government Deregulation

The process of reducing or eliminating government rules controlling how businesses can operate, often to encourage more competition and innovation.

Economies of Scale

Enterprises gain cost benefits from their scale of operation, which typically results in the cost per unit of output decreasing as the scale increases.

Economic Profit

The total revenue of a business minus its explicit and implicit costs.

Government Regulation

Policies and rules established by government bodies to control and guide the activities of businesses and individuals within the society.