If the Price of Pizzas Has Risen from $4 to $5

question 175

Multiple Choice

If the price of pizzas has risen from $4 to $5 at the same time that the price of an hour of spinning class has risen from $20 to $30, then

• A)pizzas have become relatively more expensive.
• B)spinning classes have become relatively more expensive.
• C)the relative prices of pizzas and spinning classes have remained constant.
• D)workers' real income must have decreased.

Differentiate between experimental and correlational studies.

Understand the concepts and roles of independent and dependent variables in research.

Identify how random assignment contributes to the reliability of experiment outcomes.

Recognize the importance of statistical significance in experimental results.

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Definitions:

Legislator

An individual who has the power to make, change, or repeal laws within a government.

Secondary Effects

Unintended consequences or outcomes that arise from a primary action or decision.

Unintended Consequences

Outcomes that are not the ones foreseen and intended by a purposeful action, often contrary to the original intentions.

Economic Change

Alterations in the structure, performance, or state of an economy over a period, influenced by policy, innovation, and external factors.