Typically,______________experiments Have Greater Internal Validity, And______________experiments Have Greater External Validity

question 17

Multiple Choice

Typically,______________experiments have greater internal validity, and______________experiments have greater external validity.

• A) laboratory; field
• B) field; laboratory
• C) longitudinal; cross-sectional
• D) The internal and external validities are usually the same for both types of experiments.
• E) Neither internal or external validity is critical for experiments.

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits received by all parties involved.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied, resulting in market stability.

World Series

The annual championship series of Major League Baseball in North America, contested since 1903 between the American League and National League champions.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to market price.