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Teacher testing is an oft-debated practice and a controversial topic. What are the primary reasons for supporting, and the primary reasons for opposing, the use of standardized tests for teachers?
Mass Production
The manufacture of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.
Cost Savings
A reduction in expenses achieved by purchasing the same goods or services at lower prices, or by employing more efficient or effective operations.
Business Start-Ups
New business ventures often characterized by innovation, high risks, and the potential for significant growth.
Behavioral Economics
The branch of economic theory that combines insights from economics, psychology, and biology to make more accurate predictions about human behavior than conventional neoclassical economics, which is hampered by its core assumptions that people are fundamentally rational and almost entirely self-interested. Behavioral economics can explain framing effects, anchoring, mental accounting, the endowment effect, status quo bias, time inconsistency, and loss aversion.
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