Table 3-14
the Following Table Contains Some Production Possibilities for an Economy

question 234

Multiple Choice

Table 3-14
The following table contains some production possibilities for an economy for a given year. $$\begin{array} { | c | c | } \hline \text { Cart } & \text { NEindPipert } \\\hline 10 & 400 \\\hline 12 & 360 \\\hline 14 & ? \\\hline\end{array}$$
-Refer to Table 3-14. If the production possibilities frontier is bowed outward, then "?" could be

• A) 340.
• B) 330.
• C) 320.
• D) 310.

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Definitions:

Construct Validity

The extent to which a test accurately measures the theoretical, non-observable construct or trait it is intended to assess.

Correlation

A statistical measure that describes the extent to which two variables change together.

Concurrent Validity

Refers to the extent to which the results of a particular test or measurement correspond to those of a previously established measurement for the same construct.

Error Of Measurement

The difference between a measured value and the true value due to limitations in measurement accuracy or technique.