Select the Sample Most Representative of the Population of Interest

question 66

Multiple Choice

Select the sample most representative of the population of interest
-A concerned parent wants to determine the amount of time spent on the phone by her child's friends.

• A) The results of a national poll of 1800 students in the same age group as the child
• B) The answers to the question by the parent(s) of 10 of the friends
• C) The answers to the question by 10 of the friends
• D) The phone records of 10 of the group of friends

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive.

Tariff

A tax imposed by a government on imported or exported goods.

Trade

The exchange of goods and services between individuals or entities, often in exchange for money.

Tariff

A tax imposed on imported goods and services, aimed at making foreign products more expensive and protecting domestic industries.