Random Assignment Is to Random Selection as _______ Is to ________

question 53

Multiple Choice

Random assignment is to random selection as _______ is to ________.

• A)between-subjects; within-subjects
• B)placing participants in groups; acquiring participants for the study
• C)complete counterbalancing; partial counterbalancing
• D)recruiting subjects; debriefing subjects

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Definitions:

Price Taker

An economic entity that does not have the market power to set the price of a good or service but must accept the market price as given.

Market Price

The present rate at which a service or asset is available for purchase or sale in a market.

Average Variable Cost

The total variable cost divided by the number of units produced.

Long-run Supply Curve

A graphical representation showing the relationship between price and quantity supplied over a period long enough for all inputs to be adjusted.