Dr Henries Decided That It Would Be Too Difficult and Costly

question 149

Multiple Choice

Dr. Henries decided that it would be too difficult and costly to assess all bilingual students among three states receiving federal funding for bilingual studies. Dr. Henries serves as an advisor to the bilingual club on campus as well as advisor to the foreign-language students. Dr. Henries's most cost efficient and timely option for sampling would be:

• A) simple random sampling.
• B) stratified random sampling.
• C) cluster sampling.
• D) convenience sampling.

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Definitions:

Colluding Duopoly Firms

Two firms in a duopolistic market condition that agree, often secretly or illegally, to set prices or control the market in a way that disadvantages competitors or exploits consumers.

Price Rise

An increase in the cost of goods or services, often equated with inflation but can also indicate a market adjustment due to supply and demand.

Quantity Fall

This term is not widely recognized as a standard economic or financial term. NO.

Dominant Strategy

A strategy in game theory that yields the highest payoff for a player no matter what the other players do.