How Are Social Class and IQ Related

question 129

Multiple Choice

How are social class and IQ related?

• A)Higher social class children tend to obtain higher IQ scores than lower social class children.
• B)Higher social class children tend to obtain lower IQ scores than lower social class children.
• C)Social class and IQ are unrelated.
• D)Social class and IQ are negatively related for European Americans but are unrelated for African Americans.

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Definitions:

Price-Taker Firm

A company that has no control over the market price and must accept the prevailing market price for its product or service.

Price-Taker Model

A market situation where individual firms do not have the power to set prices for their products, instead accepting the market price.

Market Price

The present rate at which an asset or service is being offered for sale or purchase in the open market.

Product Price

The monetary cost of a good or service in the marketplace.