One Way to Increase the Internal Validity of an Interrupted

question 38

Multiple Choice

One way to increase the internal validity of an interrupted time series design is to:

• A) use deviant case analysis
• B) include a nonequivalent control
• C) randomly assign variables to subjects
• D) use cross-lagged panel correlations

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Definitions:

Economic Profit

The profit a firm makes after subtracting both its explicit (out-of-pocket) and implicit (opportunity) costs.

Total Costs

The aggregate amount of all expenses associated with the production of a good or service, including both fixed and variable costs.

Implicit Costs

These are the costs of using resources owned by the company for production that aren't directly paid for or incurred as a clear expense.

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.