A Small-Town Politician Is Running for the District Council Seat

question 18

Multiple Choice

A small-town politician is running for the district council seat. If the politician decides to poll three blocks in the district to determine his chance of winning the seat, what type
Of sampling is being used?

• A) systematic sampling
• B) cluster sampling
• C) stratified sampling
• D) multistage sampling

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Definitions:

Buyer's Budget

The total amount of money that a consumer is willing and able to spend on goods and services within a certain period.

Indifference Curve

A graph representing different bundles of goods between which a consumer is indifferent, showing preferences in terms of trade-offs.

Constant Income

A situation where an individual's or entity's income remains unchanged over a period of time, despite changes in economic conditions or inflation.

Prices of Goods

The amount of money required to purchase specific products or commodities in the market.