When an Interviewer Is Trained to Record the Respondent's Answers

question 50

Short Answer

When an interviewer is trained to record the respondent's answers to open-ended questions by using the exact words used by the respondent,this is another way of saying: "Record the respondent's answers ____________________."

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Definitions:

Long-run Equilibrium

A state in which economic forces such as supply and demand are balanced, and all adjustments to economic conditions have been made, often characterized by firms earning normal profit in perfectly competitive markets.

Short-run Equilibrium

A state where supply and demand are balanced at a particular price level within a short-term period, with at least one fixed input.

Cost

The amount of money or resources spent in the production of goods and services.

Economic Profits

The gap between the overall earnings and combined expenditures, taking into account both overt and hidden costs.