The Most Versatile Type of Question Format to Obtain Answers

question 51

Multiple Choice

The most versatile type of question format to obtain answers from respondents is the

• A) dichotomous question.
• B) multiple-choice question.
• C) open-ended question.
• D) true-false question.
• E) multichotomous question.

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Definitions:

Good 2

Refers to a second good or item considered in a theoretical economic model, usually in the context of comparative analyses.

Fixed Ratio

A quantitative relationship between two or more variables where one variable is a fixed multiple of the others, often used to describe proportional relationships in finance and engineering.

Excess Goods

Products that exceed the demand in the market, often leading to surplus and potential waste.

Perfect Substitutes

Two goods that could be used in place of one another with no loss of utility to the consumer.