The Best Way to Reduce Nonsampling Errors Is to

question 75

Multiple Choice

The best way to reduce nonsampling errors is to

• A)increase sample size.
• B)improve data collection techniques.
• C)offer incentives to respondents.
• D)substitute the next house on the block for not-at-homes.
• E)Nonsampling errors cannot be reduced.

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Definitions:

Industry Output

The total production of goods and services produced by an industry within a specific period.

Long-run Cost Function

The relationship between output quantity and total cost when all inputs, particularly capital, can be varied to minimize cost.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit changes with increased production.

Lease Price

The amount of money paid for the temporary use of a good, property, or piece of equipment.