A Friend of Yours Is Telling You About the Results

question 362

Multiple Choice

A friend of yours is telling you about the results of a multimillion-dollar government-funded study she heard about on the news last night. She complains that she could have predicted the results of the study before it was done and that here is yet another instance of the government wasting the taxpayers' hard-earned money. Which of the following issues would have the most relevance to the potential accuracy of your friend's complaints? It is the ______________________.

• A)limitations of hindsight explanations
• B)problem of demand characteristics
• C)limitations of correlational research
• D)problem of experimenter expectancy effects

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Definitions:

Shift To The Left

A term used in economics to describe a decrease in supply or demand, represented graphically by a leftward shift of the supply or demand curve.

Monopolistically Competitive

An economic setup in which a variety of businesses market goods that are comparable yet distinct, enabling them to have some market control and differentiate their offerings.

Guaranteed A Profit

An assurance that an investment or business endeavor will yield a positive return or profit.

Long Run

In economics, a period in which all inputs, including capital, can be fully adjusted, allowing firms to change their scale of operation.