Which Statement BEST Reflects the Third-Variable Problem

question 62

Multiple Choice

Which statement BEST reflects the third-variable problem?

• A) A correlation among three variables increases the difficulty of determining which variable is most influential.
• B) When a third variable is measured in a correlational study, the strength of the correlation between variable #1 and variable #2 typically diminishes.
• C) A correlation between two variables may occur because some third variable is responsible for the relationship between the two variables.
• D) Although adding a third variable to a correlational study increases predictability, it makes it more difficult to draw cause-effect conclusions.

Interpret demand curves and the elasticity at various points.

Comprehend the relationship between demand elasticity and revenue changes.

Understand the characteristics and objectives of scientific inquiry.

Identify the role of intuition, authority, and skepticism in scientific research.

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Definitions:

Economic Trends

The general direction in which an economy is moving, based on statistical measures such as growth rates, inflation, and unemployment.

Social Trends

Patterns of change or stability in societal behaviors, attitudes, and cultural norms over time, which influence various aspects of society such as consumer behavior.

Global Expansion

Refers to a company's growth beyond its original national boundaries into international markets.

Middle Class

A socio-economic group between the working class and upper class, characterized by moderate income, education, and usually employment in professional or managerial positions.