A Simple Random Sample Is Defined as a Sample

question 95

Multiple Choice

A simple random sample is defined as a sample:

• A) with only one variable.
• B) in which other demographic variables are taken into account.
• C) in which one variable is weighted more than another.
• D) in which every member of the population has a chance of being included.

Explain the legal implications of contracts made under mistake or incorrect assumptions.

Distinguish between lawful and unlawful threats in the context of contract inducement.

Understand the concepts of fraud and misrepresentation in contract law, including their types and effects on contracts.

Identify the elements required to prove fraud in contract law.

---

Definitions:

Short-run Phillips Curve

A graphical representation showing the inverse relationship between the rate of inflation and the rate of unemployment in an economy over a short period.

Favorable Supply Shock

An unexpected event that increases the availability of a good or service, thus lowering its price and benefiting consumers.

Inflation

The measure of how quickly the general pricing for products and services advances, decreasing monetary purchasing power.

Unemployment Rate

The ratio of individuals without employment, yet are actively pursuing job opportunities in the labor force.