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Both Unreliability (Unsystematic Error) and Systematic Error (Bias) Threaten __________

question 51

Short Answer

Both unreliability (unsystematic error) and systematic error (bias) threaten __________.


Definitions:

Inputs

Resources such as labor, capital, and materials used in the production process to create an output.

Marginal Product

The additional output that is produced by adding one more unit of a specific input while holding all other inputs constant.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded.

Labor

Utilization of human physical and mental capabilities in the generation of goods and services.

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