When Subjects Are Given Two Drinks but Not Told What

question 42

Multiple Choice

When subjects are given two drinks but not told what they are drinking in order to get accurate results on which is the better tasting one-this is an example of what type of experimental design?

• A) blind
• B) double-blind
• C) unethical
• D) subjective

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Definitions:

Total Revenue

The total income received by a firm from its sales of goods or services, calculated as the quantity sold multiplied by the selling price.

Barriers to Entry

Factors that prevent or hinder new competitors from easily entering an industry or area of business.

Short Run

A time period in economics during which some factors of production are fixed, influencing decisions on production and costs.

Plant Size

Refers to the physical capacity or scale of a manufacturing facility, which can affect production efficiency, costs, and the firm's ability to satisfy market demand.