Suppose That You Are Conducting a Research Project for a Social

question 105

Multiple Choice

Suppose that you are conducting a research project for a social psychology class.Due to the fact that you have no budget for the research, you are forced to rely on a college student population.How big a problem is this in terms of your ability to later generalise your findings to other groups of people?

• A)It is completely unimportant for the majority of topics studied by social psychologists.
• B)It is a very serious problem for most, but not all topics, within social psychology.
• C)It is a very serious problem if your sample size is under 1000, and thus, lacks a measure.
• D)It is generally not a very serious problem unless you are studying certain topics.

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Definitions:

Consumer Surplus

The difference between the maximum price consumers are willing to pay and the price they actually pay. It is the net gain derived by the buyers of the good.

Cell-Phone Service

A service provided by telecommunications companies that enables mobile phone users to make and receive calls, texts, and use data.

Utility-Maximizing

A behavioral principle where consumers allocate their income to purchase a mix of goods and services that provides the highest overall utility.

Last Dollar

The final unit of currency spent or invested in a particular context, emphasizing its potential impact or value.