A Key Advantage of Meta-Analysis Over Simply Reporting a Range

question 118

Multiple Choice

A key advantage of meta-analysis over simply reporting a range of findings is that

• A) in meta-analysis the "art" of the meta-analyst comes into play and allows for knowledgeable manipulation of data.
• B) simply reporting a range of findings can become very confusing when there are more than two studies to report on.
• C) in meta-analysis more weight can be given to studies that have larger numbers of subjects.
• D) Both in meta-analysis the "art" of the meta-analyst comes into play and allows for knowledgeable manipulation of data and simply reporting a range of findings can become very confusing when there are more than two studies to report on.

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Definitions:

Producer Surplus

The gap between the price producers are willing to accept for offering a good or service and the actual price they receive.

World Price

The global equilibrium price of a good or service determined by worldwide supply and demand.

Consumer Surplus

Consumer surplus refers to the difference between what consumers are willing to pay for a good or service and what they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a product versus what they actually receive, usually seen as a measure of producer welfare.