The Flynneffect Is Characterized by

question 116

Multiple Choice

The Flynneffect is characterized by

• A) an average rise in measured intelligence each year from the year a test was normed.
• B) an average decline in measured intelligence each year from the year that a test was normed.
• C) fluctuating scores in measured intelligence as a presumed function of different dominant sources of variance.
• D) a radical change to a flamboyant and hedonistic lifestyle reminiscent of that of the 1940s movie star, Errol Flynn.

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Definitions:

Minimum Variable Cost

The lowest point on the curve where a firm covers all its variable costs of production without considering fixed costs, often relevant in short-run output decisions.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity has the power to significantly influence market prices.

Firm

An organization that utilizes resources to produce goods or services for profit.

Technological Innovation

The development and application of new ideas, devices, or methods in technology which significantly improve goods, services, or processes.