Examlex
Taking a test more than once to compare scores occurs is a method for measuring validity.
Marginal Products
The additional output that results from the use of an additional unit of a productive input, holding other inputs constant.
Pooling Equilibrium
A situation in a signaling game where different types cannot be distinguished by the actions they take, leading everyone to pool together and behave identically.
Low-productivity Workers
Employees who generate less output per unit of input compared to others, often leading to less efficiency within an organization.
Moral Hazard
The situation where one party is more likely to take risks because another party bears the cost of those risks.
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