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If John consumes only two goods,A and B,and he is maximizing his utility subject to his budget constraint,
Alternate Form Reliability
A measure of consistency where different versions of a test produce similar results, indicating the test’s reliability over time.
Concurrent Validity
A measure of how well a particular test correlates with a previously validated measure taken at the same time.
Construct Validity
The extent to which a test or measurement tool accurately measures the theoretical construct it is intended to measure.
Content Validity
The extent to which a test measures all aspects of the concept it intends to measure.
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