Define IQ-Achievement Discrepancy and List 3 Objections to Using It

question 11

Essay

Define IQ-Achievement Discrepancy and list 3 objections to using it for identifying learning disabilities.

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Definitions:

Long-Run Equilibrium

A state in economics where all factors of production and outputs in an industry or market adjust fully to any changes, leading to a stable condition where no participant has an incentive to change behavior.

Spillovers

Economic events in one context that have effects on a third party or in a different context, often external to the initial economic activity.

Marginal Cost

The additional cost incurred by producing one extra unit of a good or service.