An Example of an Analogue Experiment Is

question 202

Multiple Choice

An example of an analogue experiment is:

• A) following human participants who lost their homes in a tornado, starting the day after the loss and observing their stress levels over time.
• B) having human participants live for a week in a simulated mental hospital to see how they respond.
• C) following a group of individuals with schizophrenia over a long period of time.
• D) following individuals within their natural environments and noting behavioral responses.

---

Definitions:

Economic Profits

Profits exceeding the opportunity costs of all resources used, including both explicit and implicit costs.

Accounting Profits

The difference between total revenues and explicit costs, representing the net income a company reports on its financial statements.

Most Efficient Output

The level of production at which a firm operates with the lowest average total cost, achieving optimal efficiency.

Long Run

A period in economic analysis in which all inputs can be adjusted and no factors are fixed.