Ethical Principles Developed by the American Psychological Association and the British

question 239

Multiple Choice

Ethical principles developed by the American Psychological Association and the British Psychological Society urge psychological investigators to forewarn potential research participants of the exact hypotheses that the research will test.

• A) avoid the use of laboratory experiments when the behaviors of interest can be
• B) directly observed in natural settings.
• C) ensure that research participants give informed consent before participating in
• The research.
• D) avoid the use of monetary incentives in recruiting people to participate in

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Definitions:

Marginal Value

The additional value or benefit derived from consuming or producing one more unit of a good or service.

Total Utility

The total satisfaction received from consuming a certain amount of goods or services.

Marginal Utility

The incremental utility or happiness a consumer derives from acquiring and using an additional unit of a good or service.

Utility Per Dollar

A measure of the satisfaction or usefulness obtained from purchasing goods or services relative to the amount of money spent.