A Psychologist Discovers a Correlation Between Parents Who Smoke Cigarettes

question 431

Multiple Choice

A psychologist discovers a correlation between parents who smoke cigarettes and juvenile delinquency in their children. We can conclude that

• A)parental smoking causes juvenile delinquency.
• B)juvenile delinquents drive their parents to take up smoking.
• C)both parental smoking and juvenile delinquency are caused by a third factor, such as socioeconomic status.
• D)parental smoking and juvenile delinquency are related, but no causal relationship has been established.

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Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Competitive Return

The earning or return that an investment generates, over and above the risk-free rate, due to its competitive advantage.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.

Investment

The allocation of resources, usually financial, into assets with the expectation of generating income or profit in the future.