Dr Frankenstein Designs a New Personality Test and Administers It

question 154

Multiple Choice

Dr. Frankenstein designs a new personality test and administers it to 100 subjects. Later she gives the results of the test to each of those subjects and asks them whether they agree that the results are correct. We should be skeptical of what the subjects say, because

• A) she failed to tell them the norms for the test before they answered it.
• B) she failed to explain to them how she interpreted their answers.
• C) people tend to accept almost any description of their personality made by an expert.
• D) people tend to reject almost any description of their personality made by an expert.

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Definitions:

Constant-Cost Industry

An industry in which the costs of production, including input prices, do not change as the industry's output changes.

Unit Price

The cost assigned to a single unit of a product or service, making it easier to compare the value of similar products or services.

Total Cost

The complete cost of production, including both fixed and variable costs incurred in the creation of a good or service.

Purely Competitive Firm

A business operating in a market where there are many buyers and sellers, each with negligible impact on the price of goods and services.