Which of the Following Is Not Considered a Component of the Economic

question 21

Multiple Choice

Which of the following is not considered a component of the economic environment of industrial relations?

• A) Labor market supply and demand.
• B) Inflation rates.
• C) Bankruptcy codes.
• D) Product market supply and demand.

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Definitions:

Selection Bias

A distortion in a statistical analysis resulting from the method of collecting samples that is not random and therefore not representative of the population being studied.

Participant Bias

The influence that subjects in an experiment might have on the outcome due to their awareness of being observed or expectations about the experiment.

Random Sample

A sample that gives every member of the population an equal chance of being selected.

Population

The total number of inhabitants constituting a particular race, class, species, or area.