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A Good That Is Excludable Is One That Someone Can

question 123

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A good that is excludable is one that someone can be prevented from using if she did not pay for it.


Definitions:

DSM-III

The third edition of the Diagnostic and Statistical Manual of Mental Disorders, which marked a significant overhaul of diagnostic criteria and classifications from its predecessors.

Empirical Findings

Information or knowledge acquired by means of observation or experimentation that is grounded in objective evidence.

Reliability

The level of consistency and reliability in the results provided by an evaluation instrument over time.

Validity

The extent to which a test, measure, or research study accurately reflects or assesses the specific concept it is intended to.

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