Professor Smith Is Conducting a Research Study on Discrimination; However,he

question 303

Multiple Choice

Professor Smith is conducting a research study on discrimination; however,he is afraid that if he tells subjects the true nature of his research,they might provide a socially desirable response and skew his results.To minimize socially desired responses and skewed results,Professor Smith may use ______.

• A) deception
• B) informed consent
• C) an intuitional review board
• D) a debriefing

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, also known as the market-clearing price.

Profit

The financial gain obtained when the amount earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

TR

Total Revenue, which is the total income generated by a business from its sales of goods or services.

Long Run

A time period in economic theory during which all factors of production and costs are variable, allowing for full adjustment to changes.