What Is Not an Advantage of Observation as a Research

question 20

Multiple Choice

What is not an advantage of observation as a research method?

• A)The obtained data are generally reliable and free of respondent bias.
• B)It is relatively easy to note the effects of environmental influences on specific outcomes.
• C)It is easy to observe certain groups or individuals from whom it may be otherwise difficult to obtain information.
• D)It is a cheap and fast way to collect information.

Describe various types of insurance policies and their coverage.

Analyze the legal implications of insurance policies in specific scenarios.

Understand the role of coinsurance and how costs are shared.

Identify the limitations and conditions of insurance coverage.

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Definitions:

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.

Market Failure

Situations where the allocation of goods and services by a free market is not efficient, often requiring government intervention.

Negative Externality

Occurs when the production or consumption of a good or service imposes costs on third parties who are not involved in the transaction.

Marginal Cost

The financial impact of producing one more unit of a product or service.