Scott Defines "Minority Owned" in His Study of Businesses in Northeastern

question 27

Multiple Choice

Scott defines "minority owned" in his study of businesses in Northeastern City as being those businesses that are currently owned by women or African Americans. What has he done?

• A) Made an ecological fallacy
• B) Made a reductionism fallacy
• C) Conceptualization
• D) Operationalization
• E) Triangulation

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Definitions:

Consumptions

The act of using goods and services to satisfy wants and needs, including everything from essentials like food and clothing to luxury items.

Base Year

A reference year used in economic indices and statistical analyses to facilitate the comparison of data over time.

Utility Function

A mathematical representation of how different bundles of goods or services are ranked according to their utility or satisfaction to a consumer.

Paasche Price Index

A measure of price level changes over time that uses the current period's quantities as weights.