Haley Discovers a New Way to Design Automobile Engines So

question 17

Multiple Choice

Haley discovers a new way to design automobile engines so that they use less gasoline. Haley's finding is an example of

• A)physical capital. If Haley's discovery leads to lower gasoline prices, it has made gasoline less scarce.
• B)physical capital. If Haley's discovery leads to lower gasoline prices, it has made gasoline scarcer.
• C)technological knowledge. If Haley's discovery leads to lower gasoline prices, it has made gasoline less scarce.
• D)technological knowledge. If Haley's discovery leads to lower gasoline prices, it has made gasoline scarcer.

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Definitions:

Correlate Strongly

To correlate strongly means that two or more variables have a significant association or relationship, where changes in one variable are consistently associated with changes in another.

Predictive Validity

The extent to which a score on a scale or test predicts scores on some criterion measure.

Predictive Validity

The extent to which a score on a scale or test predicts future behavior or outcomes.

IQ Scores

A measure of a person's intellectual abilities in relation to the average performance of individuals in the same age group.