A Researcher Wants to Know If a New Type of Health

question 68

Multiple Choice

A researcher wants to know if a new type of health insurance works better or worse than a standard form of health insurance. The hypothesis that there will be no difference between the new type of insurance and the old type of insurance is called the:

• A)comparison hypothesis
• B)research hypothesis
• C)null hypothesis
• D)functional differential

---

Definitions:

Inventory

The goods and materials a business holds for the ultimate goal of resale, production, or utilization.

Labor Hours

The total amount of time workers spend working in a given period, typically measured in hours per day, week, or year.

Isoquant

An isoquant is a curve that represents all the combinations of inputs that produce the same level of output in production theory.

Production Function

A mathematical representation that describes the relationship between inputs and outputs in the production process.