Which of the Following Sampling Methods Will More Likely Be

question 152

Multiple Choice

Which of the following sampling methods will more likely be susceptible to ethical violation?

• A)Simple random sample
• B)Cluster sample
• C)Convenience sample
• D)Stratified sample

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Definitions:

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual price they receive, representing the producers' benefit.

Minimum Price

The lowest price at which a good or service is permitted to be sold, often set by regulation.

Long-Run Supply Curve

A graphical representation showing the relationship between market price and quantity supplied over a long period, where all inputs can be adjusted.

Purely Competitive

A market structure characterized by many buyers and sellers, all selling identical products, with no single buyer or seller able to influence the market price.