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Simon developed two forms of an anxiety questionnaire. In the second form, he changed the wording and order of the questions. He administered both forms to the same group of participants two weeks apart. While scoring the tests, Simon realizes that the participants' answers to the different forms of the test are dissimilar. In this case, the tests are said to have:
Capital
Man-made physical objects (factories, roads) and intangible ideas (the recipe for cement) that do not directly satisfy human wants but which help to produce goods and services that do satisfy human wants; also called capital goods. One of the four economic resources.
Economic Rent
Any payment to a resource provider or seller of output in excess of the economic cost (opportunity cost) of providing that resource or output.
Economic Rent
The extra income earned by a resource over and above its opportunity cost, often due to natural advantages or market conditions.
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