________ Questions Allow an Individual or Observer to Reply in His

question 31

Multiple Choice

________ questions allow an individual or observer to reply in his or her own words without the use of a fixed,predetermined set of answers.

• A)Closed-ended
• B)Constant sum
• C)Ranking
• D)Open-ended
• E)Rating scale

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Definitions:

Seller Surplus

The difference between the actual selling price of a good and the seller's minimum acceptable price.

Market Distortions

Economic situations caused by inefficiencies or interventions that lead to prices not reflecting true supply and demand.

Wealth Creating

Wealth creating refers to the process or actions that contribute to generating financial profit or increasing economic value for individuals, businesses, or economies.

Creates Wealth

The process of generating assets and increasing the economic value for an individual, community, or country.