Which of the Following Is NOT a Reason for the Need

question 15

Multiple Choice

Which of the following is NOT a reason for the need for sampling?

• A)It is usually too costly to study the whole population.
• B)It is usually too time consuming to look at the whole population.
• C)It is sometimes destructive to observe the entire population.
• D)It is always more informative by investigating a sample than the entire population.

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Definitions:

Employment

The condition of having paid work or the number of people employed in an economy or specific sector.

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee for their labor or services.

Deadweight Loss

A cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Excise Tax

A tax imposed on specific goods, such as tobacco and alcohol, typically to discourage their consumption or generate revenue.