According to Box 6

question 3

Multiple Choice

According to Box 6.1, computer programs for random selection such as RANDOM.ORG typically use _______; in social research, case selection involves _______.

• A) sampling with replacement; sampling with replacement
• B) sampling with replacement; sampling without replacement
• C) sampling without replacement; sampling with replacement
• D) sampling without replacement; sampling without replacement

Recognize the relationship between tax revenue and elasticity of demand and supply.

Understand the concept of tax incidence and how it is affected by the elasticity of demand and supply.

Analyze the impact of a tax on market equilibrium, including quantity and price changes.

Appreciate the role of government taxation in correcting market inefficiencies and discouraging harmful activities.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.