FIGURE 8-14 -Question 2 in the Wendy's Survey in Figure 8-14 Above

question 142

Multiple Choice

FIGURE 8-14
-Question 2 in the Wendy's Survey in Figure 8-14 above, illustrates which type of question format?

• A)dichotomous
• B)open-ended
• C)close-ended
• D)attitudinal
• E)semantic differential

---

Definitions:

Tax Rates

Tax rates are the percentages at which individual or corporate income is taxed by the government.

Monetarists

Economists convinced that changes in the volume of money supply have pivotal effects on national output in the short term and on price levels in a longer-term perspective.

Rational Expectations

An economic theory which proposes that individuals make decisions based on their rational outlook, available information, and past experiences.

Ascribing Rationality

The assumption that individuals make decisions based on rational thought processes, maximizing utility based on available information.