The Costs in Time and Other Resources That Parties Incur

question 11

Multiple Choice

The costs in time and other resources that parties incur in the process of facilitating an exchange of goods and services are called

• A)enforcement costs.
• B)implicit costs.
• C)explicit costs.
• D)transactions costs.

---

Definitions:

Conceptual Replication

The repetition of a study with different operationalizations of the crucial variables but yielding similar results.

Good Theory

A theory characterized by qualities such as explanatory power, predictiveness, simplicity, and falsifiability.

Social Psychology

Examining the impact that the concrete, envisioned, or hinted presence of others has on a person's cognitive functions, emotional states, and conduct.

Correlation

A measure that indicates the extent to which two or more variables fluctuate together, but not necessarily causation.