Participant Observation Is

question 38

Multiple Choice

Participant observation is:

• A)A data analysis technique.
• B)A data collection method.
• C)One of the four frameworks in the four frameworks approach to research.
• D)An element of the theoretical framework.

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Definitions:

Positive Externalities

Benefits that are experienced by third-parties or the society at large as a result of an economic transaction or activity, without those third parties directly paying for the benefits received.

Efficient Output Levels

Points of production where the economy can no longer increase the production of one good without decreasing the production of another good, achieving an optimal distribution of resources.

Socially Optimal

A state or outcome that is considered the most efficient and beneficial for society as a whole, often in terms of resource allocation or welfare.

External Cost

Costs of an economic activity that are not borne by the parties involved but are instead imposed on others or society at large.