The Local Government in Your Town Is Interested in Building

question 17

Multiple Choice

The local government in your town is interested in building a new youth recreation facility at taxpayers expense. The local government sends out surveys to every town resident who has at least one child Registered in the town school system. Of the 2567 questionnaires sent out, the paper receives 2485 Back, and most are in favor of the new facility. The data drawn from these surveys would most likely Suffer from

• A) sample error.
• B) confounding variables.
• C) selective bias.
• D) Non-response bias.
• E) None of the above.

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Definitions:

Implicit Costs

The opportunity costs of using resources owned by the business for its operations, not directly paid out in cash.

Delivery Truck

A vehicle specifically designed for transporting goods from one location to another.

Income

The amount of money received over a period of time either as payment for work, goods, or services, or through investments.

Interest Forgone

The potential interest one could have earned on their money if it had been invested rather than spent or kept in a non-interest-bearing account.