The Most Common Type of Convenience Sample Used by Psychologists

question 33

Multiple Choice

The most common type of convenience sample used by psychologists is the ______ sample.

• A) simple random
• B) cluster
• C) haphazard
• D) stratified random

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Definitions:

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace in adjusting supply and demand autonomously.

Marketplace

A physical or digital venue where buyers and sellers come together to exchange goods, services, or information.

Marginal Buyer

The consumer who might leave the market if the price was any higher, indicating their participation is sensitive to price changes.

Willingness To Pay

The greatest sum a consumer is ready to spend for a good or service, showcasing the importance they assign to it.