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A Local Government Group Recently Conducted a Survey to Ask

question 103

Multiple Choice

A local government group recently conducted a survey to ask those living in the community if they would like to see a new pool facility built. The survey asked the following six questions:
1. Do you live in the community defined by zip codes 16801,16802, 16803 or 16804? Y_______ N_______
2. Do you currently own a membership to any community or private swimming pools? Y_______ N_______
3. How many people live at your residence.
1_______ 2_________ 3-6_________ 6+___________
4. Please indicate the combined annual income of the members of your residence in thousands of dollars. $__________________
Given the following scale answer questions 5 and 6.
1=Strongly Disagree, 2=Disagree, 3 =Neutral, 4=Agree, 5=Strongly Agree
5. Our community should build a new indoor pool facility. 1 2 3 4 5
6. I support spending tax dollars for recreational opportunities. 1 2 3 4 5
-Given the above survey, Item 1 data would represent ________ level data.

Definitions:

Economies Of Scale

The cost advantages that businesses obtain due to the scale of operation, with cost per unit of output decreasing with increasing scale.

Industry Structures

The organizational characteristics and competitive dynamics of a market, including the number of firms, product differentiation, and barriers to entry.

Allocative Efficiency

A scenario in resource distribution where making one individual's condition better inevitably leads to worsening another's.

Economic Profit

The difference between a firm's total revenues and its total economic costs, including both explicit and implicit costs.