Federal Ethical Guidelines Apply to

question 11

Multiple Choice

 Federal ethical guidelines apply to

• A) all research conducted in the United States.
• B) projects and institutions receiving federal support only.
• C) research using humans, but not animals.
• D) research conducted by faculty, but not by students.

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Definitions:

Inputs

In economics, inputs are the resources used in the production of goods and services, such as labor, materials, and capital.

Trade-off

A situation where making a decision to gain one thing requires sacrificing another.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen over others.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to do one thing instead of another.