In the Three-Parameter IRT Model, the Lower Asymptote of the ICC

question 3

Multiple Choice

In the three-parameter IRT model, the lower asymptote of the ICC is often called the:

• A) slope
• B) theta
• C) guessing parameter
• D) difficulty parameter

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another entity.

Offshoring

The relocation of a business process or operation from one country to another, typically to leverage lower labor costs.

Specialization

The process by which individuals, businesses, or countries focus on producing a limited range of goods or services to gain greater efficiency and productivity.

Trade Barriers

Measures such as tariffs, quotas, and regulations implemented by governments to control international trade and protect domestic industries.