Examlex
Which of the following is not a criticism of using standardized testing to measure cognitive ability?
Unemployment
Occurs when people who are willing to work are unable to find jobs, representing a wasted potential in the economy.
Underemployment
describes a situation where workers are employed in capacities below their skill level or work fewer hours than they would prefer.
Opportunity Cost
The cost of what is forgone in order to pursue a certain action or decision.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's or industry's output expands.
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