(Scenario II) the Study Described in Scenario II Uses Undergraduate

question 140

Multiple Choice

(Scenario II) The study described in Scenario II uses undergraduate volunteers from a university participant pool. Which of the following is NOT true of participant pools?

• A) They are usually more representative of students in general.
• B) They typically receive course credit for participating in psychology research.
• C) The volunteer bias is completely removed.
• D) All of the above.

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Definitions:

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they do pay.

Tax

A mandatory monetary contribution or different sort of tax levied on a taxpayer by a government entity to finance government expenditure and assorted public costs.

Deadweight Loss

The loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is distorted.

Equilibrium

An economic situation in which no individual would be better off doing something different.