Any Factor That Limits the Ability to Generalize the Results

question 18

Multiple Choice

Any factor that limits the ability to generalize the results of the study is a threat to ____.

• A) internal validity
• B) external validity
• C) reliability
• D) accuracy

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Definitions:

Elastic

Describes a situation in which the demand or supply for a good or service significantly changes in response to changes in price.

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of spending on a product or service and the actual total sum they end up paying.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged for a product, service, or resource, usually set below the market equilibrium price to make goods more affordable.

Market Equilibrium

A point in a market where the quantity of goods supplied is equal to the quantity of goods demanded.