"All That Apply" Questions Are Questions That

question 111

Multiple Choice

"All that apply" questions are questions that:

• A)ask respondents to pick more than one item from a list of possible responses.
• B)allow respondents to respond in any way they wish.
• C)ask respondents to apply ideas.
• D)encourage respondents to find connections between concepts.
• E)ask respondents to pick one item from a list of possible responses.

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Definitions:

Comparative Advantage

The skill of an entity—be it an individual, enterprise, or nation—to manufacture a product or deliver a service at a reduced opportunity cost than that of its competitors.

Production Possibilities

The various combinations of goods and services that an economy can produce, given its technological capabilities and available resources.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, leading to specialized production and trade benefits.

Specialization

The process in which individuals, firms, or countries focus on producing a narrow range of goods or services to gain greater efficiencies and increase productivity.