Categorical Data _____

question 12

Multiple Choice

Categorical data _____.

• A) are always nonnumeric
• B) may be either numeric or nonnumeric
• C) are always numeric
• D) indicate either how much or how many

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Definitions:

Incidence

The allocation of the burden of a tax between buyers and sellers, or the effect of a policy or economic event on particular groups.

Industrial Market Countries

Nations with highly developed industries where the majority of economic activities are focused on manufacturing and services.

High-Income Economies

Countries or regions characterized by a high gross domestic product (GDP) per capita, indicating a higher standard of living and economic development.

Inefficient Use

Inefficient use describes a scenario in which resources, such as time, money, or materials, are not utilized in a way that maximizes productivity or value.