In a Research Study, When the Subjects Do Not Know

question 387

Multiple Choice

In a research study, when the subjects do not know who is in the experimental group and who is in the control group, but the experimenters do know, the study is called a(n) __________ experiment.

• A)single-blind
• B)double-blind
• C)independent
• D)dependent

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Definitions:

Least-costly Combination

In production, using the mix of resources that minimizes cost while producing a given level of output.

Marginal Resource Cost

Marginal resource cost is the additional cost incurred by producing one more unit of a good or service.

Marginal Revenue Product

The extra income produced by the use of an additional unit of a resource, like labor or capital.

Total Output

The total quantity of goods or services produced by an economic entity in a given period.