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Two years ago Sean took an intelligence test and earned a score of 99.Recently he took the same test and earned a score of 102.Yet at school Sean earns straight-A grades, and his teachers consider him to be an outstanding student.Given what you've learned about intelligence tests and IQ scores, choose the most likely explanation for the apparent discrepancy between Sean's IQ score and school performance.
Price Controls
Price Controls are governmental restrictions on the prices that can be charged for goods and services in a market, aiming to curb inflation and ensure affordability.
Binding Minimum Wage
A set wage minimum by the government that is above the equilibrium wage, leading to potential excess supply of labor, or unemployment.
Surplus Of Labor
A situation where the supply of labor exceeds the demand for labor, leading to unemployment or underemployment.
Minimum Wage
The lowest wage per hour that employers can legally pay their employees, as set by law or agreement.
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