The Classical Model

question 10

Multiple Choice

The classical model

• A) relies on the equivalency of the labor,capital,and land resource markets
• B) includes a land market and a labor market
• C) focuses primarily on capital markets
• D) focuses primarily on labor markets
• E) focuses on labor,capital,and land markets

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Definitions:

Internal Consistency

The degree of reliability within a test—the extent to which different parts of the same test yield the same results.

Split-Half Reliability

A measure of internal consistency, often ascertained by comparing responses on odd-numbered test items with responses on even-numbered test items and seeing if the scores for these responses are correlated.

Coefficient Alpha

A method for evaluating internal consistency, calculated by averaging the intercorrelations of all the items on a given test. The higher the coefficient alpha, the higher the internal consistency.