The Condition in an Economy That Makes a "Rationing Device

question 139

Multiple Choice

The condition in an economy that makes a "rationing device" a necessity is:

• A) the economy is organized around free markets.
• B) the economy is centrally planned by the government.
• C) scarcity exists.
• D) there are fewer types of goods than there are people in the economy.

Recognize the trade-offs between test types (open-ended vs. multiple-choice) in terms of reliability.

Understand predictive validity estimates for cognitive ability tests in educational settings.

Recognize the purpose and content areas of widely used standardized tests.

Understand the significance of assessing readiness and progression in educational contexts.

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