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:

Surplus

A surplus of goods or services available compared to the demand, typically resulting in lower prices.

Price Ceiling

A legal maximum price set by the government for goods and services, intended to prevent prices from rising above a certain level.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product in demand, leading to market stability where there is no shortage or surplus.

Temporary Surplus

A situation where the supply of a product exceeds its demand for a short period, often leading to price reductions.