Any Text That Is Language Based Can Be Used as Data

question 1

True/False

Any text that is language based can be used as data in a research project using content analysis as the research methodology.

Apply the concept of utility maximization to determine the optimal choice of goods within a budget constraint.

Recognize the effect of price changes on the optimal choice point and consumer welfare.

Distinguish between different types of goods (normal, inferior, complements, and substitutes) based on consumer behavior.

Understand the relationship between the marginal utility of goods and the allocation of income to maximize total utility.

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Definitions:

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.

Economic Resource

Any resource used by humans to produce goods or services, including labor, capital, land, and entrepreneurship.

Real Capital

Physical assets like machinery, buildings, and technology that are used in production to create value.