In Construct Validation

question 21

Multiple Choice

In construct validation,

• A)a single variable can serve as the criterion.
• B)multiple studies are not required.
• C)no single variable serves as the criterion.
• D)the criterion remains static once defined.

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Definitions:

Short Run

A period in economics during which at least one factor of production is fixed and cannot be changed.

Short Run Supply Curve

A graphical representation showing the quantity of goods or services that producers are willing and able to sell at different prices over a short period, assuming some production factors are fixed.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit changes as more units are produced.

Profits

The financial gain realized when the revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.