When Random Sampling Is Used, It Means That

question 25

Multiple Choice

When random sampling is used, it means that

• A) people are selected based on a specific trait.
• B) every member of a population has an equal chance of being selected.
• C) some members of a population are more likely than others to be selected.
• D) all members of the population are sampled.

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Definitions:

Services Surplus

Services Surplus describes a situation where the value of exported services of a country exceeds the value of its imported services, contributing positively to its trade balance.

Capital and Financial Account

Refers to parts of the balance of payments where capital transfers, investments, and financial derivatives are recorded.

Money Inflows

Financial resources entering a particular entity, such as a business or country, over a period of time.

Financial Account Balance

A component of a country's balance of payments that records transactions of foreign investment associated with that country.