A Watchdog Group Is Investigating How People Are Treated During

question 67

Multiple Choice

A watchdog group is investigating how people are treated during the foreclosure process. Surveys were mailed to a random sample of 300 people who had recently been threatened with foreclosure.
75 of the surveys were returned by the postal service because the intended recipients had moved
And left no forwarding address. What type of problem has occurred?

• A)selection bias
• B)nonresponse bias
• C)measurement error

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Definitions:

Unemployment

The situation where individuals who are capable of working and are actively seeking work are unable to find employment.

Inflation

The velocity at which the broad price tags for products and services surge, weakening the power to purchase.

Cyclical Unemployment

Unemployment that results from economic downturns or recessions, reflecting a lack of demand for goods and services.

Steel Industry

A sector of the economy that produces steel, a key material used in construction, transportation, and manufacturing.