A(n)_____ Group Consists of Subjects Who Do NOT Receive the Special

question 108

Multiple Choice

A(n) _____ group consists of subjects who do NOT receive the special treatment given to the experimental group.

• A) independent variable
• B) control
• C) experimental
• D) dependent variable

---

Definitions:

Substitution Effect

The economic understanding that as prices rise or incomes decrease, consumers will replace more expensive items with less costly alternatives.

Income Effect

The Income Effect refers to the change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Substitution Effect

the component of the total effect of a price change on consumption that results from the consumer substituting the good that has become relatively cheaper for the good that has become relatively more expensive.

Leisure Time

Leisure time is the period when one is not engaged in work or other obligations, available for relaxation, hobbies, and personal activities.