A Key Factor to Consider When Reading About the Results

question 187

Multiple Choice

A key factor to consider when reading about the results of a study on the Internet, in a newspaper, or in a news magazine is to

• A) determine how well it fits with what others have told you in the past.
• B) rely on your common sense or "gut" intuition.
• C) consider the source of the information.
• D) ensure that you understand the statistics

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Definitions:

Wage Rate

The fixed amount of money paid to an employee for work performed, typically expressed per hour or piece.

Bowed Out

describes a convex curve in economics, typically referring to an indifference curve or a production possibilities frontier, suggesting increasing opportunity costs.

Production Possibilities Curve

A graphical representation showing the maximum number of goods or services that can be produced within a given set of resources.

Suited

The term "suited" refers to being appropriately fitted or tailored for a specific purpose or situation.