Star Search,a Televised Talent Search,uses Multiple Judges to Measure How

question 88

Multiple Choice

Star Search,a televised talent search,uses multiple judges to measure how well a candidate performs.We would anticipate that the measures of the candidate would be highly correlated across the judges,effectively demonstrating

• A)discriminant validity.
• B)predictive validity.
• C)convergent validity.
• D)interjudge reliability.
• E)nomological validity.

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Definitions:

Production Possibilities

Different combinations of goods and services that an economy can produce using all of its resources efficiently.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Increasing Costs

This refers to a situation where the costs of production increase as the output level increases, often seen in industries with limited resources.

Production Efficiencies

Occurs when a firm or economy can no longer produce additional amounts of a good without lowering the production level of another product.