What Is the Best Definition of an Institutional Review Board

question 14

Multiple Choice

What is the best definition of an institutional review board?

• A) a group of people who make decisions regarding an institution's human resources
• B) a group of people found in most public institutions and private agencies who render a judgment as to whether experiments carried out in their facilities are free from risk
• C) a group of people who review the literature produced by researchers in their institution in order to keep an accounting of it
• D) a group of people representing many different institutions who meet to review the current literature in their respective fields

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Definitions:

Equilibrium Wage

is the wage rate at which the supply of labor equals the demand for labor in the labor market.

Demand for Labor

The total amount of labor that employers want to hire at various wage rates, during a certain period.

Supply and Demand

The fundamental economic model that explains how the market price of a product is determined by the quantity of the product that producers are willing to supply and the quantity that consumers are willing to purchase.

Labor Market

The marketplace where workers offer their services for wages and employers look for workers to hire.