A Research Study Is Investigating the Effects of Studying French

question 71

Multiple Choice

A research study is investigating the effects of studying French 1,2,or 3 hours weekly between fourth graders and ninth graders.Describe the factorial design.

• A)2 × 3
• B)3 × 2
• C)3 × 3
• D)6 × 3

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Definitions:

External Costs

External costs, also known as negative externalities, are the costs experienced by third parties who are not involved in an economic transaction, often not reflected in market transactions.

Market Price

The market price at which you can currently buy or sell a service or asset.

Efficient Equilibrium

A state in an economy where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

External Benefits

Benefits resulting from a transaction that affect parties not directly involved in the transaction, often leading to positive outcomes for society.