A Definition of "Psychological Measurement" Is

question 33

Multiple Choice

A definition of "psychological measurement" is

• A) the process of assigning numbers to characteristics of people
• B) quantitative research
• C) qualitative research
• D) an experiment

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Definitions:

Gain From Trade

Refers to the increase in output and consumption that countries experience through specialization and exchange of goods and services.

Production Possibilities Frontier

An illustration that represents the utmost production capabilities for any two commodities, based on a combination of inputs like resources and additional elements.

Self-sufficiency

The ability of an individual, household, or nation to meet all their needs without external assistance.

Opportunity Cost

The price paid for not choosing the next most favorable opportunity when making a choice or decision.