Survey Research Involves

question 24

Multiple Choice

Survey research involves:

• A) The collection of in-depth and intensive interviews with key informants
• B) A considerable degree of data dredging, often in official government records
• C) Randomization of subjects and manipulation of the independent variable
• D) The systematic collection of data from individuals using responses to standardized questions
• E) Focus groups that result in guided discussions

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Definitions:

Surplus I

A situation where the quantity supplied of a product exceeds the quantity demanded at the current price.

Consumer Surplus

The gap reflecting the difference between what consumers plan to pay for a good or service and what they pay in practice.

Surplus III

Excess of production or supply over demand in a market, leading to potential price reductions to clear the surplus stock.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from trading a good or service.