If You Used a 12-Inch Ruler to Measure the Distance

question 25

Multiple Choice

If you used a 12-inch ruler to measure the distance across a large pond, which of the following aspects of a good measurement would you be violating?

• A)Validity
• B)Reliability
• C)Unbiasedness
• D)None of the above.

---

Definitions:

Private Property

Lawful entitlements to own, utilize, and transfer property.

Market System

An economic system in which market forces, such as supply and demand, determine the production and distribution of goods and services.

Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit.

Competitive Market

A market structure characterized by many buyers and sellers, such that no single buyer or seller can influence the market price.