Which of the Following Is the Most Important Reason for Having

question 72

Multiple Choice

Which of the following is the most important reason for having ethical guidelines about how research must be conducted?

• A) Following such guidelines guarantees publication of one's results.
• B) These guidelines protect the welfare of the research participants.
• C) Following these guidelines guarantees grants and other sources of external funding.
• D) These guidelines eliminate hurdles and shorten the process of research.

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Definitions:

Utility Function

A mathematical expression that represents how different combinations of goods or services create levels of happiness or satisfaction for an individual or entity.

Marginal Rate of Substitution

The rate at which a consumer is able to sacrifice a certain amount of one product for another while keeping their level of satisfaction unchanged.

Good X

A term used to represent an unspecified product or commodity in economic models and analyses.

Good Y

Refers to a hypothetical product or commodity used in economic models and theories to analyze market behaviors and consumer preferences.