Paul Wanted to Insure That the Results of His Study

question 42

Multiple Choice

Paul wanted to insure that the results of his study could be generalized so he manipulated the independent variable and then identified and measured all the dependent variables that he thought might be affected by the independent variable. What type of validity was Paul focusing on?

• A) internal validity
• B) population validity
• C) ecological validity
• D) outcome validity

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Definitions:

Utility Function

An economic model that describes how consumers rank different bundles of goods based on the levels of happiness or satisfaction they provide.

Initial Endowment

The initial set of assets, financial resources, or goods that an individual, institution, or economy possesses.

Utility Function

A mathematical representation that describes how consumers rank different bundles of goods according to the levels of satisfaction or utility those bundles provide.

Edgeworth Box

A diagram used in economics to show the distribution of resources and to find the optimal allocation for two individuals.