It Can Be Important to Use a Double-Blind Procedure in a Research

question 115

Multiple Choice

It can be important to use a double-blind procedure in a research study to prevent the

• A) independent variable from influencing the dependent variable.
• B) researcher's expectations from biasing the outcome.
• C) participants' expectations from biasing the expectations of the researcher.
• D) both b and C

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Definitions:

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenue.

Explicit Costs

Direct, out-of-pocket payments for wages, rent, materials, and other inputs necessary for a business to operate.

Economic Profit

The distinction between gross revenue and total expenditures, inclusive of both explicit and latent costs.

Normal Rate

Typically refers to a benchmark interest rate considered to be standard based on historical averages, often used by central banks.