Which of the Following Is an Accurate Statement About Closed-Ended

question 10

Multiple Choice

Which of the following is an accurate statement about closed-ended questions?

• A)They allow the respondents to answer in any way they like.
• B)They require time to categorize the responses.
• C)They are costlier than open-ended questions.
• D)They are easier to code than open-ended questions.

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Definitions:

Tax

A required monetary fee or different kind of tax levied on a taxpayer by a government entity to finance government operations and a range of public expenses.

Buyers

Consumers or organizations that acquire products or services for direct use or ownership.

Sellers

Individuals or entities that offer goods or services for sale in a market.

Deadweight Loss

The reduction in economic productivity that happens when a market for a product or service fails to reach or cannot reach equilibrium.