Operationalization Involves

question 90

Multiple Choice

Operationalization involves:

• A) describing how actual measurements will be made
• B) adding up the sum of the parts to determine the whole
• C) removing negative correlations from variables
• D) making the necessary measurements

---

Definitions:

Socially Optimal

A situation in which resources are allocated in the most efficient manner from the perspective of society as a whole.

Subsidize

Financial support extended by a government or organization to lower the production costs or price of goods and services, making them more accessible to the public.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction, which are not reflected in the transaction's price.

Taxed

The act of imposing financial charges on individuals or entities by a governmental organization in order to fund public spending.