The Standards Against Which All Others Who Take a Test

question 17

Multiple Choice

The standards against which all others who take a test would be compared are called:

• A)deviations.
• B)norms.
• C)means.
• D)benchmarks.

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Definitions:

Budget Line

A budget line represents the combinations of two goods that a consumer can purchase with a given income and prices, illustrating the trade-off between the two goods.

Risk-free Asset

A Risk-free Asset is an investment with a certain return, with no risk of financial loss, often exemplified by government bonds.

Risky Asset

An investment with a significant degree of uncertainty in its future payoffs, including the potential for losing some or all of the original investment.

Internet Bubble

A period, typically in the late 1990s, characterized by rapid expansion and inflation of the value of internet-based companies, leading to a market crash.