Which Type of Response Bias Is Likely to Occur When

question 49

Multiple Choice

Which type of response bias is likely to occur when respondents are interviewed by organisations that they hold in high esteem?

• A) Social desirability bias
• B) Auspices bias
• C) Extremity bias
• D) Acquiescence bias

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Definitions:

Equilibrium Price

The price point where the amount of goods that are offered for sale matches the amount of goods that consumers are willing to buy.

Auction Price

The final price at which an item is sold during an auction, determined by competitive bidding.

Unsecured Debts

Debts that are not backed by an underlying asset, meaning lenders have no collateral to claim in case of default.

Maturities

The set dates when the principal amount of a debt instrument, such as a bond or loan, is to be paid back to the lender.