The Term _____ Refers to Observable, Statistical Aspects of Populations

question 1

Multiple Choice

The term _____ refers to observable, statistical aspects of populations, including such factors as age, gender, or income.

• A) psychographics
• B) semiotics
• C) traits
• D) demographics

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Definitions:

Confirmation Error

A cognitive bias involving the tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.

Decision Already Made

Decision already made refers to situations where a conclusion or resolution has been reached before discussing or presenting it to others, often making subsequent deliberations or inputs appear redundant.

Circular-Flow Diagram

A visual model that shows how goods, services, and money move through the economy in a circular manner between households and firms.

Factors Of Production

The resources used in the production of goods and services, including land, labor, capital, and entrepreneurship.