Which Is More Important: Basic or Applied Research

question 26

Multiple Choice

Which is more important: basic or applied research?

• A) Basic research, because as Kurt Lewin said, "There is nothing so practical as a good theory."
• B) Applied research, because this type of research is involved in solving social problems.
• C) Neither are that important compared to experimental research, which can establish causality.
• D) Both, because basic research allows for understanding of psychology of psychological processes that can be used in applied research to solve social problems.

---

Definitions:

Maintenance Fee

A periodic charge imposed by banks, credit unions, or HOAs to cover the cost of services or upkeep.

Compounds Interest Monthly

The process where the interest earned on an investment is calculated monthly and added to the principal sum, leading to an increase in the total amount of interest earned over time.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.