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In interrogating the construct validity of a measure, which question should a researcher ask?
Behavior
The actions or reactions of an entity, often in response to its environment.
Moral Hazard
The situation in which an individual or entity is more likely to take risks because the potential costs will not be borne by them but by another party.
Efficient Behavior
Efficient behavior refers to actions that maximize the desired outputs or results with the least amount of wasted effort or resources.
Insurance Industry
The sector of the economy that provides coverage against financial loss, including various types of insurance products and services.
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