What Does It Mean to Say That Raven's Progressive Matrices

question 146

Multiple Choice

What does it mean to say that Raven's Progressive Matrices is a "culture-reduced" test?

• A) Performance on this test has been declining over the years in our culture.
• B) It measures abilities that are taught in some cultures and not in others.
• C) It calls for little factual information or use of language.
• D) It was prepared by representatives of all the world's major cultures.

---

Definitions:

Expected Inflation

The anticipated rate at which the general level of prices for goods and services will rise over a period, eroding purchasing power.

Lintner

Lintner refers to John Lintner, an economist known for his work on the dividend policy of firms and contributions to the capital asset pricing model (CAPM).

Miller and Scholes

Refers to Merton Miller and Myron Scholes, economists recognized for their work in finance, including the development of the Black-Scholes model for option pricing.