Examlex
Assume that two baskets and lie on the same indifference curve. Assume that basket contains more of good than basket but less of good than basket. As the consumer moves down and to the right (from basket to basket) along his indifference curve, total utilityL
Standardized
The process of making something conform to a standard in order to ensure consistency and comparability.
Norms
Shared expectations or rules within a society or group about how members should behave.
Predictive Validity
The extent to which a score on a scale or test predicts scores on some criterion measure, often used in the context of psychological testing and assessment.
Appropriate Norms
Standards of behavior that are considered acceptable and proper by a society or group.
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