To Achieve Maximum Precision in Measurement, It Is Advised To

question 2

Multiple Choice

To achieve maximum precision in measurement, it is advised to:

• A) consult the respondent directly
• B) use structured questions
• C) collect data in its rawest form
• D) collect data in its final most form

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Definitions:

Units Of X

The individual or quantifiable elements used to measure or quantify a particular variable or good, labeled here as "X" for generality.

Units Of Y

A generic term used in economics to represent quantities of a good 'Y', often used in theoretical models and equations.

Wheaties

A brand of breakfast cereal known for featuring prominent athletes on its packaging, often regarded as the "Breakfast of Champions."

Budget Set

The collection of all possible consumption bundles that an individual can afford with their income at current prices.