When Subjects ____,They Must Be Told the True Purpose of the Study

question 65

Multiple Choice

When subjects ____,they must be told the true purpose of the study and the reason for any deception.

• A) are randomly selected
• B) are provided informed consent
• C) are debriefed
• D) are dependent variables

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Definitions:

Subjective Probabilities

Probability estimates based on an individual's personal judgment or opinion rather than on objective data or specific calculations.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Income Function

A mathematical representation that shows the relationship between an individual's or entity's income and one or more variables, such as the level of education or experience.

Diminishing Marginal Utility

Principle that as more of a good is consumed, the consumption of additional amounts will yield smaller additions to utility.