Chapter 8: Competition and Markets . (3!) This answer key includes answers for every test and quiz in this book, in the order in which they appear in the book. Better question would be Would you opposed the increase in price of petrol? What do you think about the following questions. (i) Which of the following is the most important when you buy a new dress? The answer to one depends very much on the answers to the others. (iii) Which of the newspapers do you read regularly? In a non-random sampling method all the units of the population do not have an equal chance of being selected and convenience or judgement of the investigator may create a bias. 1 + v6 Chapter 8 section 2 assessment answers. (a) Census Start studying Economics, Chapter 2, Section 1: Answering the Three Economics Questions. False Terms in this set (40) Safety Net. Lottery method always gives a random sample if it is used in the proper manner without any bias. (i) Which of the following is the most important when you buy a new dress? 2.) Answer: Looking out for your assessment answers online? The pathologist took 2 ml of his blood for the … PLAY. Write. Academic year. Answer: STA: F.3 TOP: Economic Systems | Economic Equity COMPLETION 2. False (n!) Question 1. (ii) How often do you use computers? Match. 3.) The pathologist took 2 ml of his blood for the test and tested the haemoglobin level in the blood. (a) Sampling error The total number of students in class seventh was 2860. Similarly, if the same name or number is written on more than one slip and if some name or number is missed then also the chances of selection of different units of population in the sample will not be equal. economics chapter 2 guided reading. ANS: F PTS: 2 DIF: L3 REF: A.34 OBJ: 2.3.2 Distinguish between socialism and communism. ANS: market PTS: 2 DIF: L3 REF: A.29 OBJ: 2.2.1 Explain why markets exist. ANS: T PTS: 1 DIF: Average REF: Learn more about this question in Economics Principles and Practices, page 12, and in the Reading Essentials and Study Guide, Chapter 1, Section 2. (c) As evening snacks □ Do your parents also like vegetable atta noodles? (iii) Wouldn’t you be opposed to increase in price of petrol? PLAY. PHSchool.com MAG05_NA_TE_CH02_CA 12/29/05 8:04 AM Page 61 (b) No □, Question 2. Krugman's Economics for AP® (High School) was written by and is associated to the ISBN: 9781464122187. H. Healthcare 4487 HRM 3941. (b) No □, Question 3. Do you like vegetables in your noodles? (ii) Telephone survey is the most suitable method of collecting data, when the population is literate and spread over a large area. Out of the 50 farms surveyed, 50% grew only wheat. It is a group to which the results of the study are intended to apply. Thus, the 3 selected students are with serial numbers. For additional practice, complete Chapter 1, Section 2, of the Interactive Tutor Self-Assessment CD-ROM, and visit this book's Online Learning Center at … Do you like noodles more than other snacks? Assign a specific number between 1 and 10 to all the 10 students. ... A sample refers to a group or section of the population from which information is to be obtained. Mailing questionnaires would be more suitable as the population is literate. Terms in this set (10) Safety Net. Answer: Chapter 2: Economic Systems and the Global Economy . I. Economic Equity - Equity refers to fairness. Gravity. G. Geography 703. Age ………………………………………… Do samples provide better results than surveys? Answer: You want to research on the popularity of vegetable atta noodles among children. Identify the population and the sample here. (a) What is the yield per hectare in your field? Learn. Browse and find MILLIONS OF ANSWERS from Every Subject to Improve Your Grade. (True/False) Test. This question comprises of two negatives which creates confusion to the respondents and may lead to biased response. lucas tonton. (iv) (b) No □, Question 7. Concordia University. Question 12. Do you find any problem with these questions? Question 2. Gravity. Question 9. Such data are called primary data, as they are based on first hand information. chapter 5 review. (a) Yes □ (True/False) of identical size and identification is possible of the names or numbers on the slips, the selection will become biased. Explain. N! Frame at least four appropriate multiple choice options for following questions Answer: Answer: True Discuss how you would use the lottery method to select 3 students out of 10 in your class? 1.) (b) Do you use fertilizers in your fields? Investigator may collect the data by conducting an enquiry or an investigation. = \(\frac{10 \times 9 \times 8 \times 7 ! Spell. Sample is, the 200 students selected whose weight was recorded. We can start using the table from anywhere, i.e., from any page, column, row or point and select the first number randomly. Hence, sampling is better due to following reasons. how does the government act as protector, provider and consumer of goods and services, regulator, and promoter of national goals? Which of the following errors is more serious and why? In this case, the population is 200 farms in the village. In this case, the sample is 50 farms which are surveyed. to display the answer.24 Section 1-Assessment 2 Section Assessment (cont.) The order or sequence of questions is incorrect. Chapter 5: Supply . STUDY. Describe how a market economy, traditional economy and a command economy adapt to change. This question is a leading question, which gives a clue about how the respondent should answer by trying to point that 5% is a small percentage which can be tolerated. All Categories Anthropology Biology Business Chemistry Communication Computer Economics Education English Finance Foreign Language Geography Geology Health History Human Services Math Medical Philosophy Professional Psychology Frame five two-way questions (with Tes’ or ‘No’). It is possible to reduce the magnitude of sampling error by taking a larger sample. People can choose their employer, where and when they work, and how they spend their money. Match. Download Ebook Economics Chapter 1 Section 2 Assessment Answers Economics Chapter 1 Section 2 Assessment Answers Thank you certainly much for downloading economics chapter 1 section 2 assessment answers.Most likely you have knowledge that, people have look numerous times for their favorite books following this economics chapter 1 section 2 assessment answers, but stop up in … (b) No □, Question 6. Get SPECIAL OFFER and cheap Price for Economics Principles And Practices Chapter 2 Section 1 Quiz Answers And Emt Quiz Chapter 32 Post Test. Find test answers and questions for online tests. When do you prefer to have vegetable atta noodles? 2 Student’s own response but should indicate how important price is, i.e., whether they are price sensitive or if there are other … NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12. (b) Sampling error refers to the difference between the sample estimate and the actual value of a population characteristic. 0 Chapter 8 Exam Answers 100% Updated Full Questions latest 2017 - 2018 Routing and Switching Essentials. These include errors in data acquisition, non-response errors and sampling bias. Economics Chapter 2 Section 2 Review (this is NOT an assignment) Answer Section MATCHING 1. (b) Non-sampling error Explain the procedure of selecting a random sample of 3 students out of 10 in your class, by using random number tables. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Match. leahhht. Do you think more vegetables should be added in vegetable atta noodles? = 120 possible random samples. Test. How many packets do you consume in a month? You want to select three out of them. Answer: Questionnaire False Gravity. State how people and businesses benefit from economic freedom. Sample studies do not take that much time out of 10 total.! Econ Ch 1+2 practice test answer Section MATCHING 1 is a group or Section of the population which. 10 total students better due to following reasons and goals the difference between supply elasticity and elasticity. Here in this set ( 40 ) Safety Net: F PTS 2! Statement are true or False understanding of the newspapers do you think plastic bags be... It should be banned the respondents and may lead to biased response live from the sample taken the... 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