Examlex
Goods that have negative externalities are subsidized.
Fluid Intelligence
The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.
Inductive Reasoning
A method of reasoning in which conclusions are drawn from a set of observations, making broad generalizations from specific instances.
Deviation IQ
A measure of an individual's intelligence expressed as a score derived from standardized tests, adjusted for the person's age.
Normal Distribution
A bell-shaped curve that represents the spread of a variable in a way that most occurrences take place around the central peak and the probabilities for values further away from the mean taper off equally in both directions.
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