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Table 3-1 Assume That Celia and John Can Switch Between Producing Bread

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Table 3-1
Assume that Celia and John can switch between producing bread and wine at a constant rate.


Table 3-1 Assume that Celia and John can switch between producing bread and wine at a constant rate. ​ ​    -Refer to Table 3-1. Assume that Celia and John each work 24 hours. What happens to total production if instead of each person spending 12 hours producing each good, Celia spends 21 hours producing wine and 3 hours producing bread and John spends 3 hours producing wine and 21 hours producing bread? A) The total production of bread and wine each rise. B) The total production of bread rises and the total production of wine falls. C) The total production of bread falls and the total production of wine rises. D) The total production of bread and wine each fall.
-Refer to Table 3-1. Assume that Celia and John each work 24 hours. What happens to total production if instead of each person spending 12 hours producing each good, Celia spends 21 hours producing wine and 3 hours producing bread and John spends 3 hours producing wine and 21 hours producing bread?


Definitions:

Test-retest Reliability

This refers to the consistency of scores on a test or assessment when the same individuals take the test again under similar conditions after a time interval.

Interquartile Range

Provides the range of the middle 50% of scores around the median. Because it eliminates the top and bottom quartiles, the quartile range is most useful with skewed curves because it offers a more representative picture of where a large percentage of the scores fall.

Internal Consistency

A method of determining reliability of an instrument by looking within the test itself, or not going “outside of the test” to determine a reliability estimate as is done with test-retest or parallel forms reliability. Some types of internal consistency reliability include split-half (or odd-even), Cronbach’s Coefficient Alpha, and Kuder-Richardson.

Licensure Exam

A standardized test that individuals must pass to obtain a license to practice in certain professions, ensuring they meet the required competency standards.

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