The Trait Approach Is Based on Empirical Research That Is

question 18

Multiple Choice

The trait approach is based on empirical research that is mostly from ________.

• A) correlational studies
• B) experimental studies
• C) case studies
• D) archival studies.

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Definitions:

Benefits To Consumers

The advantages or improvements in welfare, service, or product quality experienced by consumers.

Cost To Suppliers

The total expenses incurred by suppliers in the process of producing and selling goods or services.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.

Market Failure

Situations where the allocation of goods and services by a free market is not efficient, often requiring government intervention.