Based on Your Reading and Your Critical Thinking Skills,explain the Use

question 32

Essay

Based on your reading and your critical thinking skills,explain the use of IQ testing in the United States.Give your informed,academically sound opinion as to whether or not you think IQ testing is useful.

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Definitions:

Seller Surplus

The difference between the amount sellers are willing to accept for a good or service and the amount they actually receive.

Unconsummated Transaction

A deal or negotiation that has been discussed or agreed upon in principle but has not been finalized or completed.

Sales Tax

a tax imposed on sales of goods and services, typically calculated as a percentage of the purchase price.

Buyer Surplus

The difference between the maximum amount a consumer is willing to pay for a good or service and the actual amount paid.