Which Research Method Can Address Questions Not Answered by Other

question 424

Multiple Choice

Which research method can address questions not answered by other approaches and allows information about large numbers of people to be gathered?

• A)survey method
• B)clinical method
• C)naturalistic observation
• D)experimental method

---

Definitions:

Economic Profit

The profit a firm makes after subtracting both its explicit (out-of-pocket) and implicit (opportunity) costs.

Total Costs

The aggregate amount of all expenses associated with the production of a good or service, including both fixed and variable costs.

Implicit Costs

These are the costs of using resources owned by the company for production that aren't directly paid for or incurred as a clear expense.

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.