Use Critical Thinking to Address the Key Issue

question 27

Essay

Use critical thinking to address the key issue.
-"38% of adults in the United States regularly visit a doctor". This conclusion was reached by a college student after she had questioned 520 randomly selected members of her college. What is wrong with her survey?

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Definitions:

Output

The total amount of goods or services produced by a firm or economy.

Taxed Away

Refers to the reduction in income or resources that occurs as a result of taxation.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.

Monopoly

A market structure characterized by a single seller dominating the market, with no close substitutes for the product or service offered, leading to limited competition.