_____ Validity Is the Degree to Which a Measuring Instrument

question 52

Multiple Choice

_____ validity is the degree to which a measuring instrument accurately measures a theoretical construct or trait that is it designed to measure.

• A)Content
• B)Face
• C)Criterion
• D)Construct

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Definitions:

Pure Monopoly

A market structure where a single seller controls the entire market for a particular good or service with no close substitutes.

Close Substitutes

Products or services that can easily replace each other in the eyes of the consumer, having a high degree of interchangeability.

Socially Optimal Output

The level of production of goods and services that leads to the maximum possible economic efficiency and welfare in society, considering both benefits and costs.

Ceiling Price

A legally established maximum price that can be charged for a good or service, intended to protect consumers.