The BARS and MSS Were Originally Developed in Part to Eliminate

question 33

Multiple Choice

The BARS and MSS were originally developed in part to eliminate rating errors.Do they?

• A)No,they are as prone to rating errors as other measures.
• B)Somewhat,they decrease halo and leniency error only.
• C)Yes,they consistently decrease all types of rater error.
• D)It is unclear and more studies are needed to answer this question.

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Definitions:

Supply of Tablets

Refers to the total quantity of tablet computers that producers are willing and able to sell at a given price level in a given time period.

Equilibrium Price

Equilibrium price is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Welfare Economics

A branch of economics that focuses on the optimal allocation of resources and goods and aims to evaluate the economic well-being of individuals and society.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefits to all participants in the market transaction.