One of the Developing Countries Is Experiencing a Baby Boom

question 133

Multiple Choice

One of the developing countries is experiencing a baby boom, with the number of births rising for the fifth year in a row, according to a BBC News report. Which of the following is best for displaying this data?

• A) a Pareto chart
• B) a two-way classification table
• C) a histogram
• D) a time-series plot

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Definitions:

Shortages

Situations where the demand for a product or service exceeds the available supply, often leading to waiting lists or increased prices.

Incentive Problem

Refers to situations in which the incentive structures, or rewards and punishments, do not encourage the desired behavior among individuals or entities, leading to efficiency or performance issues.

Communist Central Planning

A system where all economic and production decisions are made by the government, with the aim of equal distribution of wealth.

Personal Gain

Refers to the benefit or advantage that an individual receives from a particular action or transaction.