When Respondents Are Asked to Indicate the Magnitude of a Characteristic

question 58

Short Answer

When respondents are asked to indicate the magnitude of a characteristic that a brand of shampoo has, this is an example of a(n) ______.

---

Definitions:

Excludable

A property of a good or service whereby it is possible to prevent people from using it if they have not paid for it or met specific conditions.

Club Good

A type of good that is excludable but non-rivalrous, meaning people can be prevented from using it, but one person's use does not diminish availability for others.

Cost-Benefit Analysts

Professionals who assess the economic pros and cons of different projects or decisions to determine their financial viability.

Public Projects

Initiatives funded and executed by the government aimed at benefiting the general public, such as infrastructure development and educational programs.