The Two Words Most Often Used by Economists Are

question 2

Multiple Choice

The two words most often used by economists are

• A)prices and quantities.
• B)resources and allocation.
• C)supply and demand.
• D)efficiency and equity.

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Definitions:

Performance Quotients

Measures or ratings used to evaluate an employee's job performance against defined criteria or objectives.

Validity Factors

aspects that determine the accuracy and credibility of a test or research.

Predictors

Variables or indicators used to forecast or estimate future events or trends, often based on historical data or analysis.

High Validity

Indicates the degree to which a test, measure, or research accurately represents or predicts the intended outcome or concept.