All of the Following May Be Used with Graphic Rating

question 52

Multiple Choice

All of the following may be used with graphic rating scales except _____.

• A) icons
• B) pictures
• C) words
• D) comparisons
• E) numbers

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Definitions:

Collude

To agree secretly among competitors to fix prices, bids, or terms of sale in order to manipulate a market.

Gasoline Sellers

Businesses or entities that offer gasoline for sale to consumers, ranging from multinational corporations to local gas stations.

Socially Efficient Quantity

The level of production of a good or service that optimizes social welfare, taking into account both private costs and externalities.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded by consumers, holding all other factors affecting demand constant.