When Teachers Use the Content of a Classroom Social Studies

question 33

True/False

When teachers use the content of a classroom social studies text to design a test for their students, the teacher is using a formalized assessment measure.

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, measuring the total net benefit to society from the production and consumption of a good or service.

Free-Trade Policy

Economic policies that eliminate tariffs and trade barriers between countries to encourage trade and economic integration.

Import Quota

A government-imposed restriction on the quantity of a specific good that can be imported into a country.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.