Dr Ingleton Decided to Use a Single-Item Indicator in His

question 59

Multiple Choice

Dr. Ingleton decided to use a single-item indicator in his investigation of compulsions among highly anxious individuals. Unfortunately, there are a number of issues with doing so. All of the following are limitations of a single-item indicator, EXCEPT:

• A) reliability.
• B) random error.
• C) it only measures effectiveness.
• D) generalizability.

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Definitions:

Elastic Demand

refers to a situation where the quantity demanded of a good or service is highly responsive to changes in its price.

Excess Burden

The economic loss to society due to market inefficiencies, often associated with taxes or other government policies that distort market behavior beyond the revenue raised or spending undertaken.

Net Worth

The difference between the total assets and total liabilities of an individual, company, or entity.

Liabilities

Financial obligations or debts that a business or individual owes to others.