Which of the Following Is True

question 32

Multiple Choice

Which of the following is true?

• A) Line charts are not used for cross-sectional data.
• B) Line charts are useful for visualizing categorical data.
• C) Pyramid charts are generally preferred to bar charts.
• D) Pie charts can generally be used instead of bar charts.

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Definitions:

Pareto Optimal

A situation in the economy where optimizing the allocation of resources means that improving one person's situation leads to a decline in another's.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from use, and use by one individual does not reduce availability to others.

Private Consumption

The total value of all goods and services consumed by private households.

Pareto Efficient

An economic state where resources are allocated in a way that it is impossible to make any one individual better off without making at least one individual worse off.