Which of the Following Is a Common Ethical Guideline Suggested

question 114

Multiple Choice

Which of the following is a common ethical guideline suggested by the American Psychological Association?

• A) Participants may not withdraw once they start.
• B) Participants must be allowed to make an informed decision.
• C) Participants cannot be subjected to shock of any kind.
• D) Participants cannot be deceived about aspects of the research.

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Definitions:

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making someone else worse off, ensuring that resources are used for producing the goods and services most desired by society.

Willingness to Pay

The maximum amount an individual is ready to spend on a good or service, reflecting the value the consumer places on it.

Supply-Side Market Failures

Situations where the production or supply side of the market does not efficiently allocate resources due to externalities or other market imperfections.

Costs

The expenses involved in manufacturing a product or providing a service.