Recall That Simonton (1987, 2001) Examined the Relationship Between 100

question 146

Multiple Choice

Recall that Simonton (1987, 2001) examined the relationship between 100 personal attributes of the U.S. presidents and their effectiveness in office as rated by historians. The characteristics that were most correlated with presidential effectiveness were __________) .

• A) height, family size, and number of books published before taking office
• B) intelligence, need for power, and self-confidence
• C) charisma, education, and adaptability
• D) social skills, need for power, and education

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Definitions:

Elasticity

An indicator of the extent to which the demand or supply of a product or service shifts when there is a variation in its price.

Labor Demand

Labor demand represents the quantity of workers that employers are willing and able to hire at a given wage rate in a certain period.

Product Demand

The desire and willingness to purchase a specific good or service by consumers.

Marginal Product

is the increase in output resulting from a one-unit increase in the quantity of a particular input, while holding other inputs constant.