Professor Swanson Developed an Index of Marital Happiness

question 3

Multiple Choice

Professor Swanson developed an index of marital happiness. Several items in Swanson's questionnaire were not a part of the index (i.e., "How many serious quarrels or arguments have you had with your spouse in the past year?") . Swanson compared the index scores of marital happiness with these questions. Swanson was doing:

• A)index construction.
• B)item analysis.
• C)external validation.
• D)analysis invalidation.
• E)Likert scaling.

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Definitions:

Economic Profits

Profits earned by a firm after accounting for both explicit and implicit costs.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, allowing for limited control over market prices.

Short-run Equilibrium

A state in which supply and demand are balanced at a given price level within a short time frame, before all factors become variable.