Professor Hall Was Planning to Do a Field Study of Hitchhikers.Hall

question 43

Multiple Choice

Professor Hall was planning to do a field study of hitchhikers.Hall wanted to be sure that persons representing all different age,racial,and sex categories were included in the sample of hitchhikers.What kind of sampling scheme would you recommend?

• A)deviant cases
• B)quota sampling
• C)stratified sampling
• D)snowball sampling
• E)cluster sampling

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Definitions:

Consumer Equilibrium

A condition where a consumer has allocated their income in a way that maximizes their utility, given their budget constraints and the prices of goods and services.

Utility

In economics, the total satisfaction received from consuming a good or service.

Income

Earnings received by a person or entity, typically through work, investments, or business ventures, over a specified period.

Consumer Equilibrium

The point at which the quantity of goods consumed by the consumer provides the maximum satisfaction, making utility maximization with budget constraints.