The Main Pros and Cons Associated with Stringent or Relaxed

question 47

Multiple Choice

The main pros and cons associated with stringent or relaxed FDA test specifications,requirements,and standards are captured by which choice below?

• A)undertesting
• B)overtesting
• C)both a and b
• D)neither a nor b

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Definitions:

Systematic Error

refers to a consistent, predictable error present in the results of measurements or experiments due to flaw in the measurement system.

Rational Expectations

A theory in economics suggesting that individuals make decisions based on their rational outlook, available information, and past experiences.

Adaptive Expectations

A theory in economics that expectations of future events are constructed based on past events and that agents adjust slower to new information.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation as a primary method for managing the economy and combating inflation.