Examlex
A critic charges that IQ tests are inconsistent. You take the test today and get one score but, if you retake the test tomorrow, you get a totally different score. This critic is claiming IQ tests lack
Capitalism
An economic system characterized by private ownership of the means of production, competition, and the pursuit of profit.
Self-Interest
Self-interest is a concept in economics that denotes individuals acting in pursuit of their own benefits, often driving economic transactions and market allocations.
Total Surplus
Total surplus is the sum of consumer surplus and producer surplus in a market, representing the overall economic benefit to society from market transactions.
Imposed
Refers to actions or conditions that are applied or enforced by authority or necessity without the recipient's active consent.
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