What Is the Main Distinction Between Measurement and Operationalization

question 25

Multiple Choice

What is the main distinction between measurement and operationalization?

• A) measurement involves actually making observations and assigning scores to those observations
• B) operationalization involves actually making observations and assigning scores to those observations
• C) the operationalization process starts much earlier, usually with conceptualization
• D) there is not a difference between the terms

---

Definitions:

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on factors other than price.

Positive Economic Profits

Earnings that exceed the total costs, including both explicit and implicit costs, signalling strong market performance.

Monopolistically Competitive

Monopolistically competitive refers to a market structure where many firms sell similar but not identical products, with each firm having some degree of market power.

Short Run

A time period in which at least one factor of production is fixed, focusing on immediate effects.