Which of the Following Orders Lists the Scales of Measurement

question 6

Multiple Choice

Which of the following orders lists the scales of measurement from the scale that provides the least specific information to the scale that provides the most specific information?

• A)ratio,interval,ordinal,nominal
• B)ratio,interval,nominal,ordinal
• C)ordinal,nominal,interval,ratio
• D)nominal,ordinal,interval,ratio

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Definitions:

Investment

The allocation of resources, such as capital, time, or assets, to a project or asset with the expectation of generating future profits.

Households' Decision

The choices made by households regarding consumption, savings, and labor supply based on income, preferences, and economic conditions.

Save Less

Refers to a decrease in the amount of income that individuals or entities set aside as savings.

Demand-for-loanable-funds

The desire for borrowing money from available financial resources, influenced by the interest rate.