Since a ________ Is Not a Randomly Selected Probability Sample

question 49

Multiple Choice

Since a ________ is not a randomly selected probability sample, there is no way to know how well it represents the overall population.

• A) simple random sample
• B) quota sample
• C) stratified sample
• D) cluster sample

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Definitions:

Natural Level

Refers to a state that an economic variable tends to trend towards in the long term, unaffected by short-term fluctuations.

Output

In economics, output refers to the total amount of goods and services produced by an economy or a firm in a given period.

U.S. Net Exports

The value difference between what the United States exports to other countries and what it imports, which can be positive (surplus) or negative (deficit).

Aggregate Demand

The total call for goods and services throughout an economy, calculated at a predetermined price level during a given time period.