Salvatore Is Participating in a Survey

question 74

Multiple Choice

Salvatore is participating in a survey.Before starting,the researcher tells him that he will be paid five dollars for participating and that he can stop the survey at any point and still be compensated for his time.This is an example of

• A)confidentiality.
• B)informed consent.
• C)anonymity.
• D)All of the answers are correct.

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Definitions:

Immediate Market Period

The shortest time frame in economic analysis, where the supply of goods is completely inelastic, meaning quantity cannot be changed in response to price changes.

Short Run

A period where at least one factor of production is fixed, typically seen in economics as a timeframe where businesses cannot adjust all inputs.

Long Run

A period sufficient for all markets and factors to adjust, allowing full analysis of economic conditions without the constraint of fixed inputs.

Coefficient

A numerical or constant factor in a mathematical expression, showing the degree of some change under certain conditions, often used in equations to measure relationships between variables.