When Friends Tell You, with Certainty, That a Particular Treatment

question 15

Multiple Choice

When friends tell you, with certainty, that a particular treatment helped them quit smoking, that in itself does NOT mean the treatment is effective. After all, friends are more likely to tell you about successful treatments than about unsuccessful treatments. This problem is called a(n) __________.

• A) report bias
• B) dependent variable
• C) confound
• D) independent variable

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Definitions:

Comparative Advantage

The skill of an entity, whether a person, corporation, or country, to create a product or service with smaller opportunity costs than its competition.

Absolute Advantage

Absolute advantage is the ability of a country or entity to produce a good or service more efficiently than others, using fewer resources.

Trade

The exchange of goods or services between individuals, businesses, or countries.

World Price

The worldwide market rate of a product or service, shaped by the global conditions of supply and demand.