The Editors of Scientific American Are Able to Obtain a Representative

question 191

Multiple Choice

The editors of Scientific American are able to obtain a representative sample of their readers in order to assess their attitudes toward preservation of the rainforests in Costa Rica. When interpreting the results of their survey, the editors will be able to ________.

• A) apply the results to the entire U.S. population
• B) apply the results to Costa Rica
• C) apply the results to subscribers of Scientific American
• D) apply the result to scientists

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Definitions:

Income

The amount of money or value received, often measured annually, from work, investments, business, etc., used to support oneself or a family.

Perfect Substitutes

Goods for which the indifference curves are straight lines; the marginal rate of substitution of one good in place of another good is constant, regardless of how much of each an individual consumes.

Consumer Equilibrium

A state where an individual consumer has optimized their utility, given their budget constraints, choosing the best possible goods or service mix.

Budget Constraint

The limits placed on the consumption choices of individuals by their income and the prices of goods and services.