The Price of Apples in Denver,Colorado Is

question 106

Multiple Choice

The price of apples in Denver,Colorado is

• A) a normative value judgment
• B) an example of a factor of production
• C) a microeconomic variable
• D) a macroeconomic variable
• E) not the sort of thing that economists would try to explain

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Definitions:

Observation

The active acquisition of information from a primary source using the senses or instruments.

Triangulation

The use of multiple methods or data sources in research to enhance the validity of the findings.

Distant

Far away in space or time.

Internet Portal

A website that provides a comprehensive gateway to a wide range of resources and services on the internet, often including search engines, email, and online shopping.