Determine What Type of Observational Study Is Described

question 12

Multiple Choice

Determine what type of observational study is described. Explain.
-Can money buy happiness? A researcher wanted to determine whether there was any association betweeneconomic status and happiness. She selected a sample of 1000 adults and interviewed them. Each person wasasked about their financial situation and their level of happiness was evaluated. The researcher analyzed theresults to determine whether there was an association between economic status and happiness.

• A) cross-sectional; Information is collected at a specific point in time.
• B) cohort; Individuals are observed over a long period of time.
• C) retrospective; Individuals are asked to look back in time.

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Definitions:

Savings Deposits

Accounts at banks or financial institutions where individuals can deposit their money to earn interest over time.

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the bank.

Fiscal Policy

Governmental policies regarding taxation and spending to influence an economy.

Monetary Policy

The actions taken by a central bank, currency board, or other regulatory authority to control the supply of money and interest rates in an economy.