MATCHING Choose the Item in Column 2 That Best Matches

question 20

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Primary data

• A)A type of research aimed to make a prediction about an occurrence of something happening in the future
• B)Collection of information by asking respondents questions
• C)The original data that has been collected for a specific purpose
• D)The previously collected data
• E)The close-ended question that takes yes/no answer
• F)A rating scale that is used to assess the respondents' feelings and attitudes
• G)The test that the experiment truly measures what it is supposed
• H)A qualitative research tool that brings a small of people together
• I)The interview that has prearranged questions
• J)The quantitative research

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Definitions:

Long-Run Equilibrium

A state in a market where all firms are making normal profits, and there is no incentive for firms to enter or exit the industry.

Plaster

A building material used for coating walls and ceilings, which hardens after application.

Labor

The human effort, both physical and mental, that is used to produce goods and services.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual rate in the context of loans or savings.