In an Online Survey, People Were Asked If They Would

question 195

Multiple Choice

In an online survey, people were asked if they would cheat ontheir partner if there was no chance of getting caught.Approximately 23,000 internet users responded to the survey.Almost half of those responding said they would not, while the other half said they probably would. What is a significant limitation with surveys like this one?

• A)Not enough people responded to the survey, which means the results are not valid.
• B)The survey involved respondents who volunteered to participate, so the sample was not representative of the population.
• C)There was no experimental control group.
• D)The survey did not follow a double-blind procedure, which means that expectancy effects probably slanted the results.

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Definitions:

Monopoly Output

The quantity of goods or services produced by a monopolist, characterized by the lack of competition and the ability to control prices.

Colluding Duopoly Firms

Two firms in a duopolistic market condition that agree, often secretly or illegally, to set prices or control the market in a way that disadvantages competitors or exploits consumers.

Price Rise

An increase in the cost of goods or services, often equated with inflation but can also indicate a market adjustment due to supply and demand.

Quantity Fall

This term is not widely recognized as a standard economic or financial term. NO.