Group Intelligence Tests

question 49

Multiple Choice

Group intelligence tests

• A) are efficient and cost-effective.
• B) can be useful as screening instruments.
• C) can be useful for research purposes.
• D) All of these

---

Definitions:

Marginal Private Benefit

The additional benefit or satisfaction received by a consumer or producer from consuming or producing one more unit of a good or service.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Nonexcludable

A characteristic of public goods where it is not possible to prevent individuals from using the good or service, regardless of whether they have paid for it.

Free-rider Problem

A situation in which some individuals benefit from resources or services without paying for them, leading to underprovision of those goods or services.