The "Third Variable" Issue Refers to

question 41

Multiple Choice

The "third variable" issue refers to

• A) the possibility that two variables are correlated because both are caused by a third variable.
• B) the ambiguity introduced when doing more complex research with more than two variables.
• C) not considering "age" as a variable when doing developmental research.
• D) the influence of the IV in quantitative experimental research.

---

Definitions:

Output

The total amount of goods or services produced by a person, machine, factory, country, etc., usually measured over a specific period of time.

Profit

The profit achieved when the revenue from business operations surpasses all associated expenses, costs, and taxes required to maintain those operations.

Demand Schedule

A demand schedule is a table showing the quantity demanded of a good or service at different price levels, typically illustrating the inverse relationship between price and quantity demanded.

Marginal Cost

The variation in overall expenses that occurs with a one-unit increase in production.