________ Allow Respondents to Answer in Their Own Words and Often

question 63

Multiple Choice

________ allow respondents to answer in their own words and often reveal more about how people think.

• A) Open-end questions
• B) Dichotomous questions
• C) Likert scale questions
• D) Multiple choice questions
• E) Semantic differential questions

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one individual without reducing availability to others and without a direct cost.

Free-Rider Problem

A situation where some individuals consume more than their fair share or pay less than their fair share of the cost of a shared resource.

Externalities

Effects of a transaction that affect third parties who did not choose to be involved in the market transaction, which can be either positive or negative.

Nonrivalry

A characteristic of a good where one person's consumption does not diminish the ability of others to consume the same good.