Referring to Scenario 1-2, the Possible Responses to the Question

question 185

Multiple Choice

Referring to Scenario 1-2, the possible responses to the question "How would you rate the
Condition of the U.S.economy with 1 = excellent, 2 = good, 3 = decent, 4 = poor, 5 = terrible?"
Result in

• A) a nominal scale variable.
• B) an ordinal scale variable.
• C) an interval scale variable.
• D) a ratio scale variable.

---

Definitions:

College Graduates

People who have graduated from a higher education institution, such as a college or university.

Seasonal Unemployment

Joblessness related to seasonal variations in demand or supply of labor, commonly seen in industries such as tourism, agriculture, and retail.

Type of Unemployment

Categories of unemployment including cyclical, caused by economic downturns; frictional, resulting from the time lag between jobs; and structural, due to changes in the industry structure or technological advances.

Frictional Unemployment

Temporary unemployment occurring when individuals are transitioning between jobs, careers, or locations.