What Are the Two Primary Types of Research Methods

question 103

Multiple Choice

What are the two primary types of research methods?

• A) descriptive and experimental
• B) sample and population
• C) naturalistic observation and surveys
• D) correlational and double-blind experiments

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Definitions:

Interest Rate

An interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.

Marginal Rate of Substitution

The rate at which a consumer is willing to substitute one good for another, maintaining the same level of utility.

Utility Function

A formula used by economists to map the degree of happiness or satisfaction one derives from consuming quantities of goods and services.

Consumption

The action of using up goods and services to satisfy needs or desires.