McKibban and Nelson (2001) Assessed Satisfaction with Life in College

question 22

Multiple Choice

McKibban and Nelson (2001) assessed satisfaction with life in college students by using their scores on the Satisfaction with Life scale. What kind of dependent variable is this?

• A) degree or amount
• B) correctness
• C) rate or frequency
• D) latency or duration

---

Definitions:

Markets

Places or systems where buyers and sellers interact to trade goods, services, or resources.

Free Enterprise

An economic system where private individuals rather than the government have the right to own property and conduct businesses, subject to minimal regulatory constraints.

Laissez-Faire

A belief system in economics that supports capitalism with minimal to no government interference.

Market System

An economic system in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.