Identify a True Statement About Basic and Applied Research

question 3

Multiple Choice

Identify a true statement about basic and applied research.

• A)Applied research tries to answer fundamental questions about the nature of behavior, whereas basic research is conducted to address issues in which there are practical problems and potential solutions.
• B)The distinction between basic and applied research is a convenient typology but is probably more accurately viewed as a continuum.
• C)Both basic and applied research are important, but applied research is considered to be superior than basic research.
• D)All basic researches are guided by the theories and findings of applied research investigations.

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Definitions:

Quantity

The amount or number of units of a product, good, or service available or demanded in a market.

Fixed Input(s)

Factors of production, such as land or machinery, that cannot be adjusted in the short term.

Short Run

A time period during which at least one input is fixed and cannot be adjusted by a firm.

Diseconomies Of Scale

Occur when a company grows so large that the costs per unit increase. It is the opposite of economies of scale.