If, Over the Years, the Standard Night in a Hospital

question 54

Multiple Choice

If, over the years, the standard night in a hospital has risen in price from $200 a night to $1000 a night but now also includes amenities, then economists insist that the price

• A)has risen $800 over that period.
• B)has definitely risen but by less than $800 over that period.
• C)has definitely risen and by more than $800 over that period.
• D)may have risen or fallen depending on the value of the amenities.

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Definitions:

Dependent Variable

In an experiment, the variable that is measured to determine whether it is affected by the manipulation of one or more other variables (independent variables).

Tipping Behavior

The practice of giving money as a bonus for services provided, often influenced by social norms, satisfaction, and cultural factors.

Internal Validity

The extent to which research findings are free from contamination by extraneous variables.

Drug Conviction

A formal judgment by a legal authority determining that an individual is guilty of a drug-related offense.