Exhibit 9-1: Choose the Type of Evidence for Validity That

question 6

Multiple Choice

Exhibit 9-1: Choose the type of evidence for validity that is referred to in the following questions.
-Refer to Exhibit 9-1.The scores on Test A correlate highly with subjects' performance on Test B.

• A) evidence based on content
• B) evidence based on internal structure
• C) evidence based on relationship to other variables

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Definitions:

Price Floor

A legally established minimum price for a good, or service. Normally set at a price above the equilibrium price.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a high level of competition.

Persistent Shortages

An economic condition where the demand for a good or service consistently exceeds its supply, often due to factors like price controls, causing prolonged scarcity.

Normal Goods

Goods for which demand increases as the income of consumers increases.