In a One-Stage Area Sample of 10 Blocks from a Population

question 42

Multiple Choice

In a one-stage area sample of 10 blocks from a population of 100 blocks, the probability of any household being included in the sample is

• A) 0.10.
• B) 0.01.
• C) 1.10.
• D) 100%.
• E) Cannot be determined with information given in the question.

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Definitions:

Normal Goods

Goods for which demand increases as consumer income rises, and decreases when consumer income falls.

Inferior Goods

Goods for which demand decreases as the income of consumers increases, opposite to normal goods.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Demand

In economics, it represents consumers' desire to purchase goods and services at certain prices.