Which of the Following Is Assumed to Be the Most

question 117

Multiple Choice

Which of the following is assumed to be the most important motivation for producers?

• A)The desire to minimize external costs.
• B)The desire to maximize economic profits.
• C)The desire to minimize social costs above private costs.

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Definitions:

Predictive Validity

How well a rating on an examination or metric anticipates subsequent success in a similar endeavor.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Reliability

Refers to the consistency and stability of a measure or test over time.

Validity

The extent to which a test, scale, or measuring instrument accurately measures what it is intended to measure.