A detailed investigation of a single social unit in order to study it in depth is______________?
Correct answer: A. a case studies
- A. a case studies
- B. participant observation
- C. sample survey
- D. laboratory experiment
Explanation
A case study is an intensive investigation of one person, group, institution or other social unit. Participant observation focuses on observing within a setting, while surveys and experiments usually examine broader or controlled comparisons.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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