Extrapolation Can Lead to Erroneous Conclusions Because ____

question 78

Multiple Choice

Extrapolation can lead to erroneous conclusions because ____.

• A) only the original study population was tested directly
• B) causation is reduced to correlation
• C) consensus has not been reached
• D) it increases selection bias

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Definitions:

Total Costs

The combined total of expenses related to the generation of goods or services, integrating both unchanging and adjustable costs.

Market Economy

An economic system in which supply and demand from consumers direct the production of goods and services.

Market System

An economic system based on supply and demand where prices are determined in a free price system.

Consumer Sovereignty

The theory that consumers' preferences determine the production and sale of goods and services in a market.