Statistically Significant Results from a Nonexperimental Study Inform the Researcher

question 28

Multiple Choice

Statistically significant results from a nonexperimental study inform the researcher that:

• A) the independent variable caused the dependent variable.
• B) the predictor variable caused the criterion variable.
• C) one variable caused a change in another variable.
• D) two variables are associated in some way.

Understand the implications of economizing behavior and marginal changes.

Recognize the value of information in making economic decisions.

Analyze the effects of policies and costs on economic decisions.

Understand the concept of marginal benefits and marginal costs in decision-making.

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Definitions:

Indifference Curve

A graphical representation showing different combinations of two goods that give a consumer equal satisfaction and utility.

Marginal Utility

The additional satisfaction or usefulness gained from consuming one more unit of a good or service.

Positive Slopes

Characteristics of a line or curve on a graph indicating that values of the variable on the y-axis increase as the values of the variable on the x-axis increase.

Equilibrium

The state in which market supply and demand balance each other, resulting in stable prices.