Who Developed the First Intelligence Test

question 19

Multiple Choice

Who developed the first intelligence test?

• A) Spearman
• B) Weschler
• C) Eysenck
• D) Binet and Simon

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Definitions:

External Benefits

Positive effects experienced by third parties or the public due to an economic transaction they were not directly involved in.

Market Outcomes

The results of interactions between buyers and sellers in a market, including price, quantity, and quality of goods and services traded.

Efficient Quantity

The level of production that maximizes the difference between total revenue and total cost, leading to optimal resource allocation.

Marginal Cost

The expenditure associated with creating one more unit of a good or service.