When an Experimental Result Is Described as Significant in a Research

question 35

Multiple Choice

When an experimental result is described as significant in a research article, this result

• A) contradicts the prevailing theoretical views.
• B) has major theoretical implications.
• C) is unlikely to have been observed by chance.
• D) has substantial practical importance.

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Definitions:

Distortionary Tax

A tax that causes people to alter their behavior and make different economic decisions than they would in a free market, potentially leading to inefficiency.

Efficiency

The extent to which resources are utilized optimally to achieve desired outcomes with minimum waste or effort.

Second Best

A concept in economics that suggests if all optimal conditions cannot be satisfied, the second-best option should be pursued.

Distortionary Tax

Taxes that cause people to alter their behavior in a way that distorts the allocation of resources from their most efficient uses.