What Effect Did Falling Housing Prices in the Late 2000s

question 89

Multiple Choice

What effect did falling housing prices in the late 2000s have on investment in residential construction?

• A) It had no effect; residential construction continued at the same pace it had over the previous decade.
• B) The lower prices attracted more investors, resulting in more residential construction.
• C) The lower prices decreased investment in residential construction.
• D) The lower prices decreased investment in residential construction for about a year, then attracted more investors, resulting in more residential construction.

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Definitions:

Random Sampling

A method of selecting a sample from a statistical population in such a way that every possible sample has an equal chance of being selected.

Multistage Cluster Sampling

Sampling based on first sampling large units such as states or provinces and then sampling smaller units such as towns, city blocks, and so on.

Sampling Frames

The list or database from which a sample is drawn, representing the entire population or target group for a specific study.

Census

A study of every member of a population.