One of the three economic questions deals with deciding
what goods and services should be produced.
what the costs of production should be.
how goods and services will be marketed.
how consumers will receive products.

Apsychologist has developed a series of personality inventories and wants to determine if they are valid. one of the scales measures perfectionism, so he asks a colleague for advice on how to establish the validity of this scale. the colleague tells him that if he were to find a sample of people with personality disorder, these people would obtain high scores on a scale that measures perfectionism.

The decision states that legislation cannot overcome social prejudice. can it reinforce social prejudice? how?

For each of the following examples of data, determine which scale of measurement is used. a) the number of miles joggers run per week. b) the starting salaries of graduates of mba programs c) the months in which a firm's employees choose to take their vacations. d) the final letter grades received by students in a math course.