The Term Terman's Termites Refers to ________

question 157

Multiple Choice

The term Terman's Termites refers to ________.

• A)a set of developmentally delayed students that Terman studied intensively
• B)a group of Army soldiers who,on the basis of their IQ,were followed through their military career
• C)a sample of gifted children who were studied and followed into adulthood
• D)the graduate students who worked with Lewis Terman on the development of the Stanford-Binet test.

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Definitions:

Comparative Advantage

An economic principle that states a country should produce and export goods for which it is more efficient at producing than other countries, and import goods that it is less efficient at producing.

Terms of Trade

The ratio of an index of a country's export prices to an index of its import prices, affecting the balance of trade.

Production Possibilities

The different combinations of goods and services that an economy can produce given its available resources and technology, typically represented by a curve.

International Trade

The exchange of goods and services between countries, allowing economies to grow by specializing in the production of goods they can produce most efficiently.