What Is the Purpose of an Institutional Review Board

question 170

Multiple Choice

What is the purpose of an institutional review board?

• A)To help protect the rights and dignity of the research participants
• B)To hinder the research process by placing unnecessary hurdles in the way of researchers
• C)To help protect the university from lawsuits from unhappy research participants
• D)To encourage the use of deception in medical and psychological research with humans

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Definitions:

Marginal Propensity

The ratio of the change in an economic variable (such as consumption or savings) in response to a change in another variable (such as income).

Investment Demand Curve

A graph that illustrates the inverse relationship between the rate of interest and the amount of investment demanded, holding all else constant.

Market Interest Rate

The prevailing rate at which borrowers can obtain loans and lenders receive compensation for their investment in the broader financial market, influenced by supply and demand, inflation, and central bank policies.

Business Expectations

Involves the outlook that businesses have regarding future economic conditions, influencing their decisions on investment, hiring, and production.