You Read the Results of a Survey That Reports That

question 27

Multiple Choice

You read the results of a survey that reports that two-thirds of Cosmopolitan readers lost weight by "going vegan." You should not give the report of this survey much credence because

• A) not everyone in this survey was equally likely to be surveyed.
• B) it confuses a correlational relationship with a causal relationship.
• C) people who responded to the survey are not likely the same as those who did not.
• D) All of the above choices are reasons that the survey results should not be trusted.

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Definitions:

Limited Budget

A financial constraint that limits the amount of money available for spending or investing.

Marginal Utilities

refers to the additional satisfaction or utility gained by consuming one more unit of a good or service.

Money Income

Money income includes the total earnings received by an individual or household in the form of wages, salaries, benefits, and returns on investments over a period.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, where individuals substitute away from more expensive goods towards cheaper ones.