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Government can be used to solve externality problems that are too costly for private parties to solve.
Charles Spearman
A psychologist known for his work in statistics and intelligence, including the theory of general intelligence (g factor).
General Intelligence
The theory suggesting the existence of a single, underlying intellectual capacity that influences performance across various cognitive tasks.
Mental Age
A measure of an individual's mental attainment based on the age at which it is normal to reach a certain level of mental development.
Binet Test
An intelligence test developed by Alfred Binet, used to determine an individual's mental age and intellectual development.
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