Which of the Following Statements Regarding Giftedness and Achievement in Life

question 219

Multiple Choice

Which of the following statements regarding giftedness and achievement in life is MOST accurate?

• A) Children identified as gifted typically go on to make genius-level contributions to society as adults.
• B) There is a negative correlation between IQ as a child and significance of achievement as an adult.
• C) Most children identified as gifted tend to "burn out" by the time they reach their mid-20s.
• D) The vast majority of children selected for gifted school programs do not achieve eminence as adults.

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Definitions:

Price Controls

Government regulations establishing maximum or minimum prices to be charged for specified goods and services, often intended to manage inflation or protect consumers.

Centrally Planned Economy

A type of economic system where decisions about production, investment, prices, and incomes are determined centrally by a government.

Capitalist Economy

A system of economy where the ownership of capital resources is in the hands of private individuals or companies, decisions regarding investments are privately made, and the determination of prices, output, and distribution of products is largely governed by the dynamics of competition in a free-market environment.

Price Mechanism

is the process by which the forces of supply and demand determine the price of goods and services in a market economy.