Evaluating the Experiment from the Inside: Internal Validity Andrew Designed

question 14

Multiple Choice

Evaluating the Experiment from the Inside: Internal Validity Andrew designed an experiment that controlled extraneous variables so that the effects on the dependent variable could only be attributed to the independent variable.Based on this description, his experiment achieved satisfactory

• A)construct validity.
• B)ecological validity.
• C)external validity.
• D)internal validity.

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Definitions:

Implicit Costs

The opportunity costs of using resources that a firm already owns to produce goods or services instead of earning money from these resources elsewhere.

Accounting Costs

Expenses recognized in a company's financial statements or accounts, representing outlays related to its operations and maintenance.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs.

Economic Profit

The surplus remaining after deducting both the explicit and implicit costs from total revenues, representing the financial gain that exceeds the total cost of resources used.