The Most Simplistic,but Acceptable Way of Handling Missing Data Is

question 28

Multiple Choice

The most simplistic,but acceptable way of handling missing data is to

• A)exclude cases that are missing data.
• B)substitute responses based on an observable pattern.
• C)using an analysis technique to find potential responses
• D)make up the data to fill out missing cases.
• E)You can never handle missing data.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods, often to protect domestic industries from foreign competition.

Opportunity Cost

The cost of foregone alternatives when a choice is made, representing the benefits that could have been received by taking an alternative action.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

Absolute Advantage

Refers to the ability of a country, individual, or firm to produce a good or service more efficiently than its competitors, using the same amount of resources.