Which Type of Validity Is Used to Select Items for an Index

question 48

Multiple Choice

Which type of validity is used to select items for an index?

• A)face
• B)criterion-related
• C)construct
• D)content
• E)convergent

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.

Demand P

The desire and ability of consumers to purchase a good or service at a particular price, often represented as a demand curve.

Consumer Surplus

The discrepancy in the total money consumers are willing to invest in a good or service compared to what they really pay.

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the total quantity demanded by all consumers in the market.