Examlex
The price of a factor of production that is in fixed supply is called
Absolute Zero
A point on a scale where there is a complete absence of the measured phenomenon, allowing for ratio comparisons.
Ordinal Level
A measurement scale that categorizes data while preserving the order of the categories but not assuming equal intervals between them.
Order
The arrangement or sequence of elements or events in a particular way.
Outlier
An observation in a data set that is distant from other observations, often indicating a measurement error or a unique phenomenon.
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