Which of the Following Events Prompted the Development of the First

question 99

Multiple Choice

Which of the following events prompted the development of the first intelligence tests?

• A) an increase in gifted children
• B) the beginning of universal public education
• C) the advent of special education classrooms
• D) an increase in children with special needs

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Definitions:

Long-run Equilibrium

A state in which all inputs can be adjusted by firms, market supply meets demand, and no economic profit is earned by firms in a perfectly competitive market.

Long-run Equilibrium

A state in an economy or market where all factors of production and economic variables are balanced, and there are no external pressures forcing change.

MR = MC

The condition under which profit is maximized, where marginal revenue equals marginal cost.

P > MC

Indicates a situation where the price of a good is greater than the marginal cost of producing it, suggesting a potential for profit.