Issues of "Fairness" as Applied to Tests

question 85

Multiple Choice

Issues of "fairness" as applied to tests

• A) are seldom discussed in the popular media.
• B) may be determined through mathematical procedures.
• C) are generally agreed on.
• D) are rooted in moral and philosophical issues.

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Definitions:

Classical Theory

An economic theory that emphasizes the ideas that free markets can regulate themselves through the laws of supply and demand, positing minimal government intervention.

Short Run

A period in economics where at least one factor of production is fixed and cannot be varied to influence output.

Long Run

A period during which all inputs can be adjusted by firms, as opposed to the short run where some inputs are fixed.

Aggregate Demand Curve

A curve that represents the total demand for all goods and services in an economy at various price levels, typically downward sloping.