When Markets Do Not Perform Their Expected Functions It Is

question 50

True/False

When markets do not perform their expected functions it is called market failure.

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Definitions:

Grade Equivalent

A measure that describes a student's performance in terms of the grade level at which the average score is the same.

Ninth Grade

Refers to the ninth year of schooling in many educational systems, often the first year of high school in the United States.

Stanine

A nine-point scale used primarily in educational assessments to classify scores into nine broad levels, with 5 being average.