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Let's Say That You Give a Number of Students a Test

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Let's say that you give a number of students a test of math ability, a test of reading comprehension, and a test of verbal fluency. You run a factor analysis and note that all three tests seem to be only slightly positively correlated with each other. Which of the following theories of intelligence would this support?


Definitions:

Marginal Cost

The increased cost resulting from the production of an additional unit of a good or service.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the actual profitability of the company beyond just accounting profit.

Purely Competitive

A market structure characterized by many buyers and sellers, homogeneous products, and no barriers to entry or exit.

Total Revenue

The total amount of money a company receives from sales of goods or services, calculated by multiplying the price per unit by the number of units sold.

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