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Which Tools Allow Economists to Determine If the Allocation of Resources

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Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?


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Refers to the degree to which a test accurately measures what it is intended to measure.

Survey Battery

A comprehensive set of surveys aimed to assess various dimensions of an individual's attitudes, beliefs, or behaviors.

Peabody Individual Achievement Test

A standardized test that assesses the academic achievement of children and adolescents in areas such as reading and math.

Open-Ended Items

Questions or prompts in a test or survey that allow for free response without fixed options, enabling detailed, qualitative feedback.

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