Professor Yenko Is Collecting Data for Her Divorce Research

question 30

Multiple Choice

Professor Yenko is collecting data for her divorce research. She is gathering data to determine divorce rates based on how many Americans finalized their divorces in 2014. She will then compare it to the number of adults in the United States. Professor Yenko is

• A) researching the refined divorce rate.
• B) researching the crude divorce rate.
• C) using a longitudinal research method.
• D) using a cultural-sectional research method.

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Definitions:

Perfect Competitor

An entity in a perfect competition market structure, characterized by the inability to control market prices and the production of a homogeneous product.

Market

Any place where buyers and sellers exchange goods and services.

Barriers Blocking Entry

Impediments and restrictions that make it difficult for new firms to enter a market, often ensuring existing companies retain their market share.

Perfect Competitor

A theoretical market situation where numerous small firms compete against each other with no single company controlling the market price.