The Company You Work for Wants to Test Potential New

question 28

Multiple Choice

The company you work for wants to test potential new employees for their degree if prior knowledge in the field. Which of the following types of test would you recommend to them?

• A) aptitude test
• B) the WISC-IV test
• C) achievement test
• D) the Stanford-Binet test
• E) the MSCEIT test

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Definitions:

Since 1950

A phrase indicating a time frame that starts from the year 1950 to the present, often used to denote changes or developments over that period.

Comparative Advantage

The ability to produce a good at a lower opportunity cost than another producer

Sectoral Shocks

Unexpected events that cause significant shifts in demand or supply in a specific sector of the economy, leading to changes in prices and output levels.

Frictional Unemployment

Unemployment due to the time workers spend in job search, usually short-term and occurring when individuals are transitioning between jobs.