Variables Measured on Ordinal,interval,or Ratio Levels Are Known as _____

question 32

Multiple Choice

Variables measured on ordinal,interval,or ratio levels are known as _____ variables,while variables measured on a nominal level are called _____ variables.

• A)quantitative;qualitative
• B)qualitative;quantitative
• C)independent;dependent
• D)random;systematic

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Definitions:

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by high unemployment rates and significant declines in economic activity.

Early 1980s

A period characterized by significant economic events such as high inflation, high interest rates, and the start of neoliberal economic policies in many countries.

Supply-Side Approach

An economic theory that advocates reducing barriers and taxes on the producers of goods and services to stimulate production and economic growth.

Tax Benefits

are reductions in tax obligations, given to encourage certain activities or investments, such as deductions, exemptions, or credits.