Use of a Computer-Aided Telephone Interview Means That

question 31

Multiple Choice

Use of a computer-aided telephone interview means that:

• A) preliminary tabulations of responses are available almost immediately, because the data are already stored in memory.
• B) key information that the respondent has given early in the interview can be used to tailor the questionnaire to that individual.
• C) personal interviews need to be conducted at central locations rather than door to door because of the need for electronic hook-up.
• D) Both a and
• E) a, b, and c.

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Definitions:

Labor Demand Schedule

A table or graph showing the quantity of labor that employers are willing to hire at different wage rates.

Profit-maximizing Combination

The selection of production inputs, price, and output levels that allow a firm to achieve the maximum possible profit.

Production Costs

The overall expenses associated with manufacturing goods or providing services, including labor, materials, and overhead.

Elasticity of Resource Demand

The responsiveness of the quantity demanded of a resource to a change in its price.