What Do Sociologists Call an Explanation of an Abstract Concept

question 98

Multiple Choice

What do sociologists call an explanation of an abstract concept in terms of observable features that are specific enough to allow measurement of the variable?

• A)hypothesis
• B)theory
• C)operational definition
• D)premise

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Definitions:

S And D

Shorthand for Supply and Demand, the interaction between the quantity of goods offered by the market and the desires of consumers.

Overproduction

A situation where more goods are produced than can be sold, leading to surplus inventory and often resulting in waste or economic imbalances.

Market Price

The existing rate at which a service or asset is offered for buying or selling in a certain market.

Consumer Surplus

The difference between the amount that consumers are willing to pay for a good or service and the actual amount they pay.