Economic Goods Are Defined as

question 132

Multiple Choice

Economic goods are defined as

• A) tangible items only.
• B) services only.
• C) anything from which an individual derives satisfaction.
• D) any item which is available in sufficient quantity at zero price.

---

Definitions:

Confounding Variable

An external variable that can influence the outcomes of an experimental study, potentially leading to misleading conclusions if not controlled.

Triggering Attendance Policy

A policy that initiates consequences or actions when specific attendance criteria are not met in an educational or workplace setting.

Failing Class

A situation in which a student does not meet the required minimum academic standards of a course, resulting in a grade that does not earn credit.

External Validity

The extent to which the results of a study can be generalized or applied to contexts outside the original study setting.