Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?

• A)Deception has never been used in psychological research.
• B)Although deception has been used in the past,it has been banned by the American Psychological Association.
• C)In recent decades,there has been a steady increase in the use of deception in psychological research.
• D)The American Psychological Association has stated that deception is acceptable only if the study's value justifies it and alternatives are not available.

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Definitions:

Profit-Maximizing

The process or strategy undertaken by a firm to achieve the highest possible profit from its operations, considering factors like pricing, production, and cost management.

Labor Demand Curve

A downward-sloping curve that represents how the quantity of labor demanded by employers changes as the wage rate changes.

Purely Competitive

Purely competitive markets are those in which numerous small firms compete against each other, and the price of goods or services is determined by the market with no single participant having significant control over it.

Imperfectly Competitive

Describes markets where individual sellers have some control over the prices due to lack of perfect competition, includes monopolistic competition, oligopoly, and monopoly markets.