A Fixed-Alternative Question in Which the Respondent Is Asked to Check

question 68

Short Answer

A fixed-alternative question in which the respondent is asked to check either "_____ Yes or _____ No" is a(n)____________________ question.

---

Definitions:

Competitive Industry

An industry characterized by a large number of firms competing against each other, leading to innovation, lower prices, and improved products and services.

Economic Profit

The difference between a company's total revenue and its total costs, including both explicit and implicit costs, serving as a measure of the company's overall financial performance beyond just covering its opportunity costs.

Market Economy

An economic system in which supply and demand from consumers primarily determine what, how, and for whom goods and services are produced.

Consumers' Desire

The inclination or preference of consumers towards certain products or services, which drives demand and influences market trends.