A Frequency Distribution

question 44

Multiple Choice

A frequency distribution

• A) displays the average of each score received.
• B) offers no more information than a collection of raw data.
• C) counts the number of times each score is received.
• D) does none of the above.

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Definitions:

Equilibrium

A state of balance in a market, where demand equals supply, and economic forces are at rest.

Welfare Economics

Normative evaluation of markets and economic policy.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Efficient

Refers to a level of performance that uses the least amount of inputs to achieve the highest amount of output.