The Scale of Measurement That Has an Inherent Zero Value

question 56

Multiple Choice

The scale of measurement that has an inherent zero value defined is the

• A)ratio scale
• B)nominal scale
• C)ordinal scale
• D)interval scale

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Definitions:

World Price

The worldwide market price of a good or service, affected by the balance of global demand and supply.

Nontariff Barrier

Measures other than tariffs that countries use to control the amount of trade across their borders, including quotas, embargoes, sanctions, and other restrictions.

Import

The act of bringing goods or services into a country from abroad for sale.

Export Restraints

Government-imposed limitations on the quantity or value of goods that can be exported from a country.