Likert and Semantic Differential Are Two Forms of Fixed-Alternative Questions

question 163

Multiple Choice

Likert and semantic differential are two forms of fixed-alternative questions that have three or more choices and use

• A) a frequency distribution.
• B) a scale.
• C) a measure of success.
• D) an open-ended question.
• E) a constraint.

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Definitions:

Engel Curve

A graphical representation that shows how household spending on a particular good or service varies with income.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded, typically downward sloping.

Giffen Good

A type of inferior good for which demand increases as its price increases, contrary to the typical law of demand.

Slutsky Substitution Effect

A concept in economics that describes how a change in the price of a good affects consumption patterns, separating the effect into income and substitution effects.