Suppose a Set of English Bone China Costing 1,000 Pounds

question 99

Multiple Choice

Suppose a set of English bone china costing 1,000 pounds costs $3,000 in the United States. After devaluation, the set of china costs $1,000. This change

• A) shows that to foreigner purchasers, the price of the china is the same before and after the devaluation.
• B) makes the china less attractive to foreigner purchasers.
• C) makes the china more attractive to foreign purchasers.
• D) is irrelevant to foreign purchasers.
• E) proves that foreign purchasers would prefer devaluation of the English pound so that it would be worth $2. That way, they could get even more for their dollars.

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Definitions:

Item-total Correlation

The statistical relationship between a single test item and the total score on the test, used to assess the item's quality.

Consistency

in research refers to the reliability or stability of measurements over time, across different contexts, or when using various methods of assessment.

Construct Validity

The degree to which a test or instrument accurately measures the theoretical construct or trait it is intended to measure.

Predictive Validity

The construct validity of a measure is assessed by examining the ability of the measure to predict a future behavior.