The Three Basic Research Methods Used to Collect Quantitative Data

question 8

Multiple Choice

The three basic research methods used to collect quantitative data are:

• A) observation, experiment, and survey.
• B) observation, simulation, and experimentation.
• C) role-playing, simulation, and observation.
• D) field tests, market tests, and laboratory tests.
• E) survey, role-playing, and market tests.

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Definitions:

Productive Inputs

Resources used in the production of goods and services, including labor, capital, and raw materials.

Outward Shift

A movement of the supply or demand curve to the right, indicating an increase in supply or demand.

Resources Efficiently

The effective and optimal usage of resources to maximize productivity and minimize waste.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to undertake an action.