When the Value of the U

question 245

Multiple Choice

When the value of the U.S. dollar increases relative to other currencies,

• A) the rate of inflation increases.
• B) the size of the national debt decreases.
• C) foreign goods become less expensive to U.S. consumers.
• D) U.S. goods become less expensive to foreign buyers.

---

Definitions:

Level Of Measurement

The classification of a variable according to the attributes it can measure, such as nominal, ordinal, interval, or ratio scale.

Grouped Frequency Distribution

A way of summarizing data by grouping values together into classes or intervals and displaying the count of data points within each class.

Interval

A type of variable measurement scale that represents ordered categories with equal distances between adjacent categories but no true zero point.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second.