Several college students who are friends have all decided to volunteer for a research study that will compare a medical treatment to a placebo. Ethical codes require that they all sign their informed consent to participate. What does this mean?

Based on the information provided within the question it can be said that by signing the informed consent to participate form they have proof that the students have been informed they will receive something, but NOT which it is. Whether it is the actual medical treatment or the placebo, they will not know which it is, only the researchers will have access to that information.

​Several college students who are friends have all decided to volunteer for a research study that will compare a medical treatment to a placebo. Ethical codes require that they all sign their informed consent to participate. What does this mean?

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Several college students who are friends have all decided to volunteer for a research study that will compare a medical treatment to a placebo. Ethical codes require that they all sign their informed consent to participate. What does this mean?