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Face Validity Goes One Step Beyond Content Validity in Its

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Face validity goes one step beyond content validity in its requirement that a test's content include a representative sample of behaviors thought to be related to the construct the test is designed to measure.

Understand the definition and scope of applied social psychology.
Recognize the role of social psychology in addressing practical and social problems.
Appreciate the importance of intervention strategies in applied social psychology.
Understand the influence of social situations and individual differences on behavior.

Definitions:

Mortgage Lending Standards

Regulations and criteria used by lenders to determine the eligibility of borrowers and the terms of mortgage loans.

Economic Crisis

A period of financial instability which may involve a recession, high unemployment, and a steep decline in market value of assets.

Housing Boom

A period characterized by significantly increased real estate activity and rising housing prices, typically driven by economic factors and low interest rates.

Housing Bust

A rapid decline in the market prices of residential properties, often following a period of unsustainable growth or speculation, leading to widespread financial and economic distress.

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