Professor Smith Found a Relationship Between Education and Occupation

question 24

Multiple Choice

Professor Smith found a relationship between education and occupation. However, when age was introduced as a test factor, the relationship between education and occupation disappeared in the partials. In Professor Smith's study, age was introduced as a(n) :

• A)control variable.
• B)spurious variable.
• C)distorter variable.
• D)antecedent control variable.
• E)intervening control variable.

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service, often meant to protect consumers.

Invisible Hand

A metaphor introduced by Adam Smith to describe how an individual's pursuit of self-interest can lead to good results for society as a whole through the workings of competitive markets.

Economic Well-Being

A measure of the economic quality of life that includes factors like income, employment, class disparity, and economic security.

Free Markets

Economic systems in which prices for goods and services are determined by the open market and consumers, with minimal government intervention.