Face Validity Refers to Whether the Items on a Scale

question 18

True/False

Face validity refers to whether the items on a scale are easy to read and understand for test takers.

---

Definitions:

Dominant Strategy

A strategy that yields the best outcome for a player, regardless of the strategies chosen by other players in a game.

Economic Profit

The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.

Cartel

An agreement among competing firms to control prices or production in a market, often to maximize profits by minimizing competition.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of what strategies other players choose.