In Markets, How Is Information About the Relative Value of Resources

question 92

Multiple Choice

In markets, how is information about the relative value of resources communicated?

• A) through unions
• B) through planning committees
• C) through prices
• D) through government agencies

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Definitions:

Alfred Binet

A French psychologist who, along with Theodore Simon, developed the first intelligence test, laying the foundation for modern intelligence theory and testing.

School Performance

A measure of how well students achieve or accomplish educational goals and tasks.

Test-Retest Procedures

A method of assessing the reliability of a test by administering the same test to the same subjects at two different points in time and comparing the scores.

Reliability

The consistency and stability of a measurement over multiple occasions or different observers.