Generalizability of the Results of a Survey Primarily Depends Upon

question 27

Multiple Choice

Generalizability of the results of a survey primarily depends upon:

• A) sampling most members of the population.
• B) sampling procedures.
• C) the validity of the results.
• D) content of the survey.

---

Definitions:

Constant Returns To Scale

a situation in production where increasing all inputs by the same percentage results in output increasing by that same percentage.

Long-run Profits

The potential earnings of a business over a period long enough for all inputs to be adjusted, considering the firm's ability to enter or exit markets.

Factor Price

The price at which factors of production (land, labor, capital) are bought and sold.

Production Function

A mathematical model that describes the relationship between inputs used in production and the resulting output.