Which One of the Following Best Describes a Correlational Study

question 52

Multiple Choice

Which one of the following best describes a correlational study?

• A) Multiple groups of participants are involved.
• B) Investigators look for naturally occurring associations.
• C) Participants are randomly assigned to treatment groups.
• D) Investigators can draw firm conclusions about cause-and-effect relationships.

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Definitions:

Short-run Supply Curve

A graphical depiction that showcases how much of a product suppliers are willing and able to sell at different prices in the short run, with at least one input fixed.

Perfectly Competitive Industry

An industry characterized by many small firms producing identical products, with free entry and exit, and perfect information, leading to prices being determined by the market.

Alfalfa

A plant widely used for livestock feed due to its high nutritional content and also used as a cover crop for soil improvement.

Perfectly Elastic

Refers to a situation where a small change in price leads to an infinite change in quantity demanded or supplied.