Taking a Broader Perspective: the Problem of External Validity the Advantage

question 44

Multiple Choice

Taking a Broader Perspective: The Problem of External Validity The advantage of unobtrusive measures is that they

• A)have greater external validity.
• B)reduce confounding.
• C)yield more realistic data.
• D)have greater external validity and yield more realistic data.

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Definitions:

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a good or service and the price they actually pay.

Consumer Surplus

The contrast between the fee consumers are inclined to pay for a good or service and the fee they ultimately pay.

Public Policy

Public policy is a system of laws, regulatory measures, courses of action, and funding priorities concerning given topics, enacted and enforced by governmental entities.

Economic Efficiency

A condition in which all resources are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.