What Is a Major Disadvantage of Open-Ended Survey Questions

question 3

Multiple Choice

What is a major disadvantage of open-ended survey questions?

• A)Coding the responses can be tedious and difficult.
• B)Misinterpretation of a question can go unnoticed.
• C)They force participants to make simplistic responses to complex issues.
• D)Respondents with no opinion or no knowledge can answer anyway.
• E)They permit an unlimited number of possible answers.

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Definitions:

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a specific price level.

Capital Market

The input/factor market in which households supply their savings, for interest or for claims to future profits, to firms that demand funds to buy capital goods.

Investment

New capital additions to a firm’s capital stock. Although capital is measured at a given point in time (a stock), investment is measured over a period of time (a flow). The flow of investment increases the capital stock.

Demand Curve

A graph showing the relationship between the price of a good and the amount of it that consumers are willing to purchase at various prices.