Economic Variables Whose Values Are Measured in Monetary Units Are

question 148

Multiple Choice

Economic variables whose values are measured in monetary units are called

• A)dichotomous variables.
• B)nominal variables.
• C)classical variables.
• D)real variables.

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Definitions:

Reality

The state of things as they actually exist, as opposed to how they may appear or may be imagined.

Motion

The act or process of changing position or place.

Repetition

The action of repeating something, such as a process, task, or message, often used in learning or advertising to reinforce memory or effectiveness.

Perceptual Selection

The cognitive process by which individuals select and focus on certain sensory information for processing while ignoring other stimuli.