Professor Lee Needs to Complete a Research Study

question 173

Multiple Choice

Professor Lee needs to complete a research study.She has a very small budget,needs to cover a large number of participants,and needs to complete her research within three months.Which method would BEST meet her objectives?

• A) a formal experiment
• B) naturalistic observation
• C) the clinical method
• D) the survey method

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Definitions:

Price Level

An average of the current prices of goods and services in an economy, which can fluctuate with changes in production, demand, and inflation.

Laissez-Faire

An economic philosophy of free-market capitalism that opposes government intervention.

Great Depression

A severe worldwide economic downturn that took place during the 1930s.

Nominal GDP

Nominal GDP is the market value of all final goods and services produced within a country in a given period, measured in current prices.