When a Portion of the Sample Does Not Respond to the Survey,____

question 65

Multiple Choice

When a portion of the sample does not respond to the survey,____ has occurred.

• A)a measurement error
• B)nonresponse bias
• C)a sampling error
• D)systematic failure

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Definitions:

Market Prices

The current value at which goods or services are bought and sold in a competitive marketplace.

Economic Growth

An increase in a country's output of goods and services over time, typically measured by the rise in real GDP, which enhances the economy's overall wealth and living standards.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain.

Human Capital

The stock of competencies, knowledge, social and personal attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.