Johnson Is Hired by a Company to See If a New

question 97

Multiple Choice

Johnson is hired by a company to see if a new product, Topocal, will cause hair to grow on the heads of bald men. He recruits one thousand bald men and randomly divides them into two groups: Five hundred men (group A) rub Topocal on their scalps each day; the other five hundred (group B) rub a standard skin lotion on their scalps each day. After two months, Johnson checks to see what the results have been. He finds that there has been hair growth in 7 percent of group A and in 2 percent of group B.What is the sample?

• A)bald men in general
• B)the bald men who participated in the study
• C)the men in group A
• D)the men in group B

---

Definitions:

Demand Curve

An illustrated chart that displays the connection between a product's price and the amount consumers are willing to buy at those price levels.

Individual Demand

The amount of a product or service that a single consumer is willing and able to purchase at various prices, holding all else constant.

Society Demand

This refers to the total demand for various goods and services by all members of a society or community, often influenced by factors like price, income levels, and societal norms.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one individual without reducing availability to others and without a direct cost.