The Difference in Proportion of Correct Responses for Each Item

question 1

Multiple Choice

The difference in proportion of correct responses for each item between the top third of the class and the bottom third of the class is an example of a(n)

• A)point biserial correlation.
• B)discrimination index.
• C)item difficulty.
• D)guessing threshold.

Calculate the impact of inflation on real income and interest rates.

Explain the Fisher effect and its implications for nominal and real interest rates.

Identify and explain the costs associated with changing prices.

Understand the causes and effects of hyperinflation.

---

Definitions:

Financial Support

Funding provided to businesses, individuals, or nations to aid in achieving economic goals or covering expenses.

Product Uniqueness

The distinct characteristics that make a product stand out from its competitors in the market, often leading to competitive advantage.

Entrepreneurs' Network

A supportive community of business founders and entrepreneurs who share resources, knowledge, and connections.

Self-selected Stakeholders

Individuals or groups who independently choose to become involved or have an interest in a project or organization due to personal stake or relevance.