If Intelligence Has a Heritability of

question 181

Multiple Choice

If intelligence has a heritability of .5 to .7,it means that:

• A) 50-70% of a person's IQ score is explained by genetic factors
• B) 50-70% of IQ scores are explained by genetic factors
• C) 5-7% of a person's IQ score is explained by genetic factors
• D) 25-49% of a person's IQ score is explained by genetic factors

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Definitions:

Equivalent Variation

A measure used in economics to evaluate the change in wealth that would leave an individual's utility unchanged before and after a policy change or a price change.

Compensating Variation

A monetary measure of the amount of money a consumer would need to reach their original utility level after a price change.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Utility Function

A mathematical expression that describes how the total satisfaction or happiness of a consumer changes with changes in consumption of goods and services.