In Terms of Methodological Advice, What Would You Suggest to the Next

question 2

Multiple Choice

In terms of methodological advice, what would you suggest to the next generation of social development scholars?

• A)find a good method and stick to it
• B)you have to rely exclusively on quantitative methods
• C)the only method that is worthwhile is the sequential design
• D)embrace a variety of methodological approaches

---

Definitions:

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent or salaries.

Specialization

A production strategy where individuals, regions, or nations focus on the production of a limited scope of goods or services to gain greater efficiency and productivity.

Economies of Scale

Economies of Scale describe the cost advantages that a business can achieve due to expansion, leading to a lower cost per unit of output.

Long-run Average Total Costs

The per-unit production cost when all factors of production are variable and optimized for scale.