Determine Which of the Four Levels of Measurement Is

question 33

Multiple Choice

Determine which of the four levels of measurement is most appropriate.
-Temperatures of the ocean at various depths.

• A)Ratio
• B)Interval
• C)Ordinal
• D)Nominal

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Definitions:

Slightly Regressive

Refers to a tax system or policy that places a relatively higher tax burden on low-income earners compared to high-income earners, but the difference is not pronounced.

Excise Tax

A tax directly levied on specific goods or services, such as tobacco or gasoline, usually to discourage their use or generate revenue.

Highly Inelastic

A situation where the demand or supply for a good or service is insensitive to changes in its price.

Highly Elastic

Describes a situation where the supply or demand for a product or service changes significantly in response to changes in price.