Determine the Mode of the Following Set of Scores: 10

question 24

Short Answer

Determine the mode of the following set of scores: 10, 15, 12, 18, 19, 16, 12

---

Definitions:

Comparative Advantage

The proficiency of an individual, a business, or a nation in generating a product or executing a service at a more economical opportunity cost than its competitors.

Lower Cost

Refers to a situation or strategy in which expenses are minimized or reduced.

Range of Exchange Rates

The variability or difference in the rate at which one currency can be exchanged for another.

Gains from Trade

The increase in welfare or benefit that countries or individuals obtain by engaging in voluntary trade with each other, enabling more efficient allocation of resources.