Data in an Enquiring Category Is

question 15

Multiple Choice

Data in an enquiring category is

• A)Any data gathered using quantitative methods.
• B)Any data gathered by analyzing existing records.
• C)Any data gathered through questioning or interviewing.
• D)Any data gathered through observation and field notes.

---

Definitions:

Comparative Advantage

The aptitude of a country, individual, or corporation to deliver a service or good at a more affordable opportunity cost compared to competitor parties.

Specialization

The process of focusing work and production on a limited range of activities, leading to increased efficiency and expertise in those areas.

Tonnage

A measurement of weight or volume used to quantify cargo, shipping capacity, or displacement of ships, traditionally measured in tons.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), representing the trade-offs of choosing one good over another.