Who Developed the World's First Standardized Intelligence Test

question 70

Multiple Choice

Who developed the world's first standardized intelligence test?

• A) Alfred Binet and Theodore Simon
• B) Francis Galton and B. F. Skinner
• C) Howard Gardner
• D) Charles Spearman

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Definitions:

Patent

A legal right granted to an inventor or assignee, giving them exclusive rights to manufacture, use, or sell an invention for a certain number of years.

X-inefficiency

This occurs when a firm does not produce output at the lowest possible cost due to inefficiencies within the organization.

Monopoly

A market structure dominated by a single seller, who has exclusive control over a product or service's price and supply.

Monopolist

A market participant that is the sole provider of a good or service, thereby controlling the market and having significant power over prices.