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________ Is Used as an Estimate of Reliability and Involves

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________ is used as an estimate of reliability and involves administering a test with x number of items designed to assess a topic and then statistically analyzing the degree to which responses to the items vary together.


Definitions:

Capacity Utilization Rate

A measure of how much of a company's or industry's potential output is being used, often expressed as a percentage.

Unemployment Rate

The percentage of the labor force that is jobless and seeking employment, a key indicator of economic health.

Opportunity Cost

The loss incurred from not choosing the immediate best alternative in the course of decision-making.

Economic Resources

Inputs used in the production of goods and services, often categorized into labor, capital, land, and entrepreneurship.

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