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Imagine That You Are the Chair of Your University's IRB

question 150

Multiple Choice

Imagine that you are the chair of your university's IRB. You receive a research protocol detailing a study that would examine the impact of sleep deprivation on driving behavior. The researcher plans to have participants stay awake for varying numbers of hours in the lab and then have them operate a car during rush hour traffic. You reject this study based on its violation of the principle of:


Definitions:

Utility Maximization

The economic principle that individuals or firms attempt to allocate their resources in a manner that maximizes their satisfaction or profit.

Marginal Utility

The supplementary enjoyment a consumer experiences when they consume an extra unit of a good or service.

Budget Constraints

Budget constraints represent the limitations on the spending choices of consumers based on their income and the prices of goods and services.

Total Utility

The overall satisfaction a consumer receives from consuming a particular quantity of goods or services.

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