Applicant Sex (Female,male)is an Example of What Scale of Measurement

question 21

Multiple Choice

Applicant sex (female,male) is an example of what scale of measurement?

• A)normal
• B)ordinal
• C)interval
• D)ratio

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Definitions:

Opportunity Cost

Opting for one opportunity causes the relinquishment of possible gains from not selected alternatives.

Production Possibilities Curve

The Production Possibilities Curve (PPC) is a graphical representation that shows the maximum quantity of two goods or services that can be produced with limited resources.

Future Location

Refers to a place where something is expected or planned to be situated at a later time.

Economic Generalizations

General statements that summarize common relationships or patterns within an economy, often derived from empirical observations and economic theory.