Examlex
In addition to being reliable and valid, any test should also be unbiased-that is, equally fair for all groups. A biased test overstates or understates the true performance of one or more groups. Stereotype threat is one type of influence that may bias a test. Define stereotype threat and describe the findings from Claude Steele's classic study on stereotype threat.
Elastic
Refers to the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.
Excess Burden
The cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.
Tax Revenue
The income that is collected by the government through various forms of taxation.
Excess Burden
The expense incurred by society due to market inefficiency, happening when there's a mismatch between supply and demand.
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