Long Questionnaires Often Include Opportunities for the Respondent to Discontinue

question 47

True/False

Long questionnaires often include opportunities for the respondent to discontinue the survey with phrases such as"We are almost finished,""That was the most difficult section of questions to answer,"or other statements.

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Definitions:

Utility Function

A representation in economics that captures a consumer's preference by assigning a utility value to different bundles of goods.

Pareto Optimal

A condition in resource allocation where it's unachievable to improve the standing of any party without detrimentally impacting another party or criterion of choice.

Endowment

The total resources available to an individual or entity, including assets, income, and wealth.

Competitive Equilibrium

Competitive equilibrium is a market condition where supply equals demand, with no incentive for price or quantity adjustments.