DrLimmex Is Trying to Get Government Approval for a New

question 61

Multiple Choice

Dr.Limmex is trying to get government approval for a new drug to treat anxiety.Dr.Limmex claims that 14 percent of the people who took this new drug reported reduced anxiety; however,other researchers claim that 14 percent of patients who receive no treatment also report reductions in their anxiety levels.What could explain patient improvement in Dr.Limmex's study

• A) improper assignment to groups 
• B) non-representative sampling 
• C) placebo effects 
• D) self-report bias

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Definitions:

Price Elasticity

Measures the responsiveness of quantity demanded or supplied of a good to a change in its price, with elasticity types including elastic, inelastic, and unitary.

Demand Function

An equation that describes the relationship between the quantity of a good consumers are willing to buy and the price of the good.

Tickets

Documents or electronic vouchers that grant the holder permission to enter a place, travel on a vehicle, or participate in an event.

Marginal Revenue

The additional income received from selling one more unit of a good or service.