A _____ Will Presumably Give Lots of Information About the Researcher's

question 5

Multiple Choice

A _____ will presumably give lots of information about the researcher's method of data collection,her or his sample,and information about how she or he identified and recruited research participants.

• A)popular magazine
• B)newspaper
• C)media report of sociological research
• D)scholarly journal article
• E)blog post

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Definitions:

Normal Profit

The lowest amount of profit a company must earn to stay competitive and cover its opportunity costs.

Implicit Costs

Implicit costs, also known as imputed or opportunity costs, are the costs of resources owned by the firm that are used in its own production process.

Explicit Costs

Direct, out-of-pocket payments for wages, rent, materials, and other inputs in the production process.

Opportunity Costs

The value of the best alternative foregone when a decision is made to pursue a particular action, essentially the cost of choosing one option over another.