Figure 7-4: Question 2

question 81

Multiple Choice

Figure 7-4: Question 2
-Consider Figure 7-4: Question 2, which was part of a Wendy's survey that assessed fast-food restaurant preferences among present and prospective consumers. Question 2 illustrates which type of question format?

• A) dichotomous
• B) open-ended
• C) Likert scale
• D) attitudinal
• E) semantic differential

Understand the mechanisms of innovation and its challenges within different economic structures.

Describe the role of government in a laissez-faire capitalist system.

Identify how the market system restricts business risk to owners and investors leading to specific economic outcomes.

Understand the flow of goods, services, and money within the economic system as illustrated by the circular flow diagram.