Correlational Studies Allow the Researcher To

question 5

Multiple Choice

Correlational studies allow the researcher to?

• A) Test for differences between two variables
• B) Predict the effect of one variable upon another
• C) Make causal inferences about the relationship between two variables
• D) Identify the relationship between two variables

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Definitions:

Specialization

The process by which individuals, firms, or countries focus on producing a certain type of goods or services, often to achieve greater efficiencies or quality.

Diseconomies of Scale

The situation where a company or business grows so large that the costs per unit increase, leading to decreased efficiency.

Long-run Total Costs

The total costs associated with the production of a certain level of output when all inputs can be varied, emphasizing the period in which no costs are fixed.

Diseconomies of Scale

Diseconomies of scale occur when a company or business grows to such a point that the costs per unit increase, opposite of achieving cost efficiencies through expansion.