The Following Two Statements Refer to the Analysis of Qualitative

question 38

Multiple Choice

The following two statements refer to the analysis of qualitative data.
I.There are times when respondents do not spontaneously mention or comment
On a topic.This may happen because they assume that the topic is so important it is
Unnecessary to mention.
II.There are times when respondents do not spontaneously mention or comment
On a topic.This may happen when the topic is highly personal or sensitive.
Which,if any,of these statements is (are) true?

• A)I only
• B)II only
• C)Both I and II are true
• D)Neither I nor II are true

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Definitions:

Cobb-Douglas Utility Functions

A particular form of utility function used in economics that represents preferences over two goods, characterized by their constant elasticity of substitution.

Pareto Optimal

A distribution state of resources where no adjustment can be made to better the position of any individual or evaluation criterion without negatively affecting another.

Consumption Externalities

The impact of one's consumption activities on the welfare of others that is not reflected in market prices, either positive or negative.

Competitive Equilibrium

A market state where supply equals demand, ensuring that every buyer and seller is satisfied at the current price.