As Your Textbook Explains, a Questionnaire Item That Gives the Respondent

question 117

Multiple Choice

As your textbook explains, a questionnaire item that gives the respondent the widest freedom in answering is called an)

• A) free-response question.
• B) open-ended question.
• C) short-answer question.
• D) scale question.
• E) informal question.

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Definitions:

Classical Economists

A group of economists in the 18th and 19th centuries who believed in free markets, the self-regulating nature of economies, and the importance of competition.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.

Keynes

Refers to John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Wages

Payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.