Which of the Following Increases the Likelihood That Students Will

question 27

Multiple Choice

Which of the following increases the likelihood that students will guess when they are not sure of the correct response on a multiple choice item?

• A)when they expect a low grade
• B)when the items are easy
• C)when the course is a required course
• D)when they dislike the subject

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Definitions:

Oligopolists

Firms or entities within an oligopoly, a market structure characterized by a small number of large firms dominating the industry, which can influence prices and market outcomes.

Kinked-demand Model

An economic theory that predicts prices in certain competitive markets will remain stable despite economic pressures that would normally cause prices to fluctuate.

Allocative Efficiency

The state of resources being allocated in a way that maximizes the welfare or utility of consumers according to their preferences.

Productive Efficiency

A condition where an economy or firm produces goods or services at the lowest possible cost, utilizing resources in the best way possible.