A(n)________ Allows the Respondent to Place a Mark at Any

question 27

Multiple Choice

A(n) ________ allows the respondent to place a mark at any point along a line running between two extreme points rather than selecting from among a set of predetermined response categories.

• A) comparative scale
• B) itemized rating scale
• C) continuous rating scale
• D) Likert scale
• E) extreme scaling

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Definitions:

Adjustments

Modifications made to accounts, budgets, or economic models to reflect changes in assumptions or economic conditions.

Monopolistic Competition

A reiteration with emphasis on a market setting where firms sell differentiated products, allowing each to have some degree of market power, facing a downward-sloping demand curve.

Short-Run Equilibrium

A state in a market where supply equals demand, but only considering a period in which some factors, like production capacity, remain constant.

Constant-Cost Industry

An industry in which the entry and exit of firms have no effect on the prices firms in the industry must pay for resources and thus no effect on production costs.