A Precise Meaning of a Term, Which Specifies the Operations

question 254

Multiple Choice

A precise meaning of a term, which specifies the operations for observing and measuring the process or phenomenon being investigated, is called a/an:

• A) double-blind study.
• B) theory.
• C) hypothesis.
• D) operational definition.

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Definitions:

Electronic Devices

Gadgets that operate on electrical energy, including computers, smartphones, and household appliances.

No Shirking Constraint

A concept in labor economics that suggests higher wages motivate employees to work harder, reducing shirking on the job.

Efficiency Wage Rate

A wage rate set above the market-clearing level by employers to boost worker productivity, discourage shirking, and reduce turnover.

Wage Rigidity

Wage rigidity refers to the phenomenon where wages do not adjust quickly or easily to changes in labor market conditions, often due to contracts, norms, or regulations.