When Gathering Data for a Study Using Observational Methods,it Is

question 22

Multiple Choice

When gathering data for a study using observational methods,it is important for the data collector to:

• A) be observant of all that is done and said and unsaid.
• B) direct subjects by setting the stage through structured questions.
• C) record those actions and words that are related to the focus of the study.
• D) participate directly with subjects in order to better understand them.

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Definitions:

Opportunity Cost

Whatever must be given up to obtain some item.

Holding Currency

The practice of keeping money in the form of cash or liquid assets as opposed to investing or depositing it.

MPC

Marginal Propensity to Consume refers to the proportion of an increase in income that gets spent on consumption of goods and services, as opposed to being saved.

Aggregate Demand

The total quantity of goods and services demanded across all sectors of an economy under certain economic conditions and price levels.