Which of the Following Is NOT True About Intelligence Quotient

question 5

Multiple Choice

Which of the following is NOT true about intelligence quotient?

• A)It is the numerical representation of an individual's mental ability
• B)It is determined by a standardized test geared toward different aged individuals
• C)It was developed in the early 1900s by Albert Einstein
• D)Assumes delinquency and deviance are related to low IQ because most offenders tend to display below average achievement test scores

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Definitions:

Price Floor

A government or regulatory-imposed minimum price set above the equilibrium price, preventing the market price from falling below it.

Total Welfare

The total economic well-being that a society achieves, including both consumer surplus and producer surplus.

Consumer Surplus

The contrast between what consumers intend to spend on a good or service and the actual amount they part with.

Producer Surplus

The difference between how much producers are willing to accept for a good versus how much they actually receive.