What Term Is Used for the Hypothetical Factor That Accounts

question 125

Multiple Choice

What term is used for the hypothetical factor that accounts for differences between people in overall intellect?

• A) fluid intelligence
• B) crystalized intelligence
• C) g or general intelligence
• D) IQ or intelligence quotient

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Definitions:

Exchange of Goods

The act of giving one thing and receiving another, especially of the same type or value, commonly referred to in the context of trade or barter.

Buyers and Sellers

The participants in a market who respectively purchase and offer goods or services for trade.

Substitution Effects

The change in the consumption pattern of goods due to a change in their prices, making consumers replace more expensive items with cheaper alternatives.

Downward-sloping

A descriptor often used for demand curves, indicating that as the price of a good or service decreases, the quantity demanded increases.