In What Type of Sample Would You Divide the Sample

question 34

Multiple Choice

In what type of sample would you divide the sample into groups,typically along geographic lines,randomly select groups,and then measure all units within the sampled groups?​

• A)simple random
• B)stratified random
• C)systematic random
• D)cluster random

---

Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, typically seen as profit.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade balances, protect domestic industries, or generate revenue.

Consumer Surplus

The gap between the total price consumers are prepared and able to pay for a service or product and the amount they really pay.

World Price

The international market price of a product or commodity, influenced by global supply and demand conditions.