In the Process of Developing an Approach, Research Should Be

question 48

Multiple Choice

In the process of developing an approach, research should be based on objective evidence and supported by theory. A theory .

• A) also plays a vital role in influencing the research procedures adopted in basic research
• B) serves as a foundation on which the researcher can organize and interpret the findings
• C) is incomplete
• D) all of the above

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Definitions:

Diminishing

Refers to the principle where increasing one input, while holding others constant, will eventually yield lower per-unit returns.

Long Run

In economics, a period in which all factors of production and costs are variable, and firms can enter or exit the market.

Resources Fixed

A situation in an economic model where the availability of resources is constant and unchanging over time.

Output Variable

A variable that represents the result or outcome of a process or model.