If Someone Says to You "I Do Not Think the Results

question 2

Essay

If someone says to you "I do not think the results of your study will generalize" what does that mean, and what might limit the generalizability of a study?

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Definitions:

Upsloping Supply

A supply curve that shows an increase in the quantity supplied as the price increases, typical of most goods.

Resource Prices

The cost or price of raw materials, labor, and other inputs required for the production of goods and services.

Mustangs

Wild horses in the Western United States, descended from horses brought to the Americas by Spanish explorers.

Law of Demand

A fundamental economic principle stating that, all else being equal, as the price of a good increases, consumer demand for the good decreases, and vice versa.