On a Newly Developed IQ Test, an Individual Scores at the 110

question 125

Multiple Choice

On a newly developed IQ test, an individual scores at the 110 level on the first half of the test, and 150 on the second half of the test. What does this test appear to lack?

• A) reliability
• B) standardization
• C) predictive validity
• D) appropriate norms

---

Definitions:

Demand Curve

It graphically represents the relationship between the price of a good and the quantity demanded by consumers, typically depicting an inverse relationship.

Elastic

A term describing how much the quantity demanded or supplied of a good changes in response to a change in price; highly responsive quantities are considered elastic.

Pizzerias

Establishments that specialize in preparing and serving various types of pizzas to customers.

Monopolistically Competitive

A market structure characterized by many firms selling products that are substitutes but differentiated, allowing for some control over prices.