Test Makers Often Examine the Correlation Between Scores on the New

question 38

Multiple Choice

Test makers often examine the correlation between scores on the new test and scores on a measure of social desirability. They do this to

• A) make certain they are measuring something that is socially appropriate.
• B) establish the discriminant validity of the new scale.
• C) ensure that people are not offended by items on the new scale.
• D) establish the face validity of the new scale.

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Definitions:

Monopolist

A solo seller in a market who has significant control over the pricing and availability of a unique product or service.

Profit-Maximizes

The method or approach of modifying production and pricing to secure the maximum achievable profit.

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market, protecting existing firms from new entrants.

Scarce Resource

A resource with limited availability in comparison to the desired use which exceeds its supply in an economic environment.