The Distinguishing Feature of Probability Samples Is That

question 4

Multiple Choice

The distinguishing feature of probability samples is that

• A) they involve personal judgment somewhere in the selection of sample elements.
• B) each population element has an equal chance of being included in the sample.
• C) each population element has an equal chance of being included in the sample and every combination of n population elements is a sample possibility.
• D) each population element has a known chance of being included in the sample.
• E) they will always be more representative of the population than nonprobability samples.

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Definitions:

Equilibrium Level

The state at which market supply and demand balance each other, and as a result, prices become stable.

Foreign-Currency Exchange

The marketplace where currencies are traded and their exchange rates are determined.

Net Capital Outflow

The distinction in investment behaviors where local residents invest in foreign properties versus foreigners investing in local properties.

Open-Economy Macroeconomic Model

A model that analyzes an economy that engages in international exchange of goods, services, and capital.