Linesha, a University Student Working Part-Time, Receives a Wage Increase

question 76

Multiple Choice

Linesha, a university student working part-time, receives a wage increase.An avid movie buff, she increased her purchases of Blu-ray discs and reduced her purchases of DVDs.Based on this information,

• A)DVDs and Blu-ray discs are substitutes.
• B)Blu-ray discs are normal goods and DVDs are inferior goods.
• C)DVDs and Blu-ray discs are normal goods.
• D)the cross-price elasticity between DVDs and Blu-ray discs is negative.

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Definitions:

Test Bias

The presence of certain factors within a test that systematically prevent accurate, impartial measurement across different groups of test-takers.

Overall Test Performance

A composite measure reflecting an individual's total achievement or output across a series of tests or assessments.

Correlates Highly

Describes a situation where two variables are observed to have a strong relationship or association with each other.

IQ Test

An IQ Test is a psychological assessment that quantifies a person's intelligence level compared to their age mates.