Which of the Following Problems Is Particularly Common for Data

question 69

Multiple Choice

Which of the following problems is particularly common for data that have been gathered over time?

• A)wrong granularity
• B)nonintegration
• C)inconsistency
• D)missing values

---

Definitions:

Efficient Price

A price level where the quantity supplied equals the quantity demanded, leading to an optimal allocation of resources.

Nonrival

A characteristic of goods where one person's consumption does not reduce the availability of the good for consumption by others.

Nonexcludable

A characteristic of a good or service where it is impossible to prevent individuals from enjoying its benefits once it is provided.

Marginal Social Cost

The additional cost to society as a whole from producing one extra unit of a good or service, including both private costs and externalities.