Imagine That the True Value of Economic Inequality in Country

question 2

Multiple Choice

Imagine that the true value of economic inequality in country X is 4, on a scale from 1 to 10. Say four people code the level of economic inequality in country X using two different measures of inequality, A and B. Measure A yields values of 2, 3, 5, and 6. Measure B yields values 6, 6, 7, and 6. Is Measure A or Measure B a more reliable measure of democracy in country X?

• A) A is more reliable.
• B) B is more reliable.
• C) they are both equally reliable.

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Definitions:

Place Elements

Components of the marketing mix that focus on distribution channels and methods used to deliver the product to the customer.

Promotion Elements

Various components and methods used in marketing to communicate with the target audience, such as advertising, sales promotions, and publicity.

Marketing Research

Marketing research involves the systematic gathering, recording, and analyzing of data about issues relating to marketing products and services.