The Survey Sampling Method That Relies on Randomly Selected Telephone

question 43

Multiple Choice

The survey sampling method that relies on randomly selected telephone numbers is called

• A)quota sampling.
• B)digital convenience sampling.
• C)random digit dialing.
• D)stratified random sampling.

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Definitions:

Short Run

A period in economics where at least one input is fixed and cannot be changed.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full adjustment to changes.

Allocative Efficiency

A condition where resources are distributed according to consumer preferences, optimizing utility for both producers and consumers.

Production

The process of creating goods or services by combining various inputs like labor, materials, and technology.