Which Method of Data Collection Has Traditionally Produced the Lowest

question 49

Multiple Choice

Which method of data collection has traditionally produced the lowest response rates?

• A) Personal interviews in homes
• B) Telephone surveys
• C) Mail surveys
• D) Personal interviews in shopping malls
• E) All of the above produce roughly equivalent response rates.

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Definitions:

Market Output

The total amount of goods or services produced and offered for sale by businesses in a particular market.

External Costs

Costs that are not borne by the producer or consumer of a good or service but by society, such as pollution.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance each other.