What is the role of government under adam smith’s laissez-faire philosophy?.
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Adam Smith is considered the father of modern economics, and his economic ideas about laissez-faire philosophy are still very popular in today's world. The laissez-faire approach is rooted in the belief that the government should stay out of the free market and allow market forces to guide the economy.
As a result, the role of government under Adam Smith's laissez-faire philosophy is quite limited. Smith believed that the government should focus on ensuring law and order, providing basic public goods such as roads, bridges, and public transportation, and establishing a sound legal system.
In addition, he believed that the government should maintain a stable currency by regulating the money supply. Beyond these basic functions, Smith believed that the government should not interfere in the economy and should allow individuals to pursue their own self-interest.
This means that the government should not regulate prices, control wages, or impose tariffs on goods. Smith believed that individuals acting in their own self-interest would lead to an efficient economy, with the invisible hand of the market guiding resources to their most productive uses.
However, he also recognized that there were limits to the market's efficiency, particularly when it came to issues like environmental degradation and income inequality. Therefore, he believed that the government should intervene in the economy in limited ways to address these issues.
For example, the government could regulate certain industries to prevent pollution, establish a social safety net to help those in need, and provide education and training programs to help people improve their skills and productivity. Overall, Adam Smith's laissez-faire philosophy advocates for a limited government role in the economy, with the goal of allowing individuals to pursue their own self-interest and maximizing the efficiency of the market.
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Related Questions
Robert noticed that his urine was pale pink. His first thought was about what he had eaten the previous day, and then it occurred to him that it may also be due to something unrelated to his diet. Robert's case exemplifies
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When Robert noticed that his urine was pale pink and His first thought was about what he had eaten the previous day exemplifies appraisal delay.
What is Appraisal delay?Appraisal delay can be regarded as the time a person used in the evaluation of a symptom of a particular illness.
This period of time is the time that Robert was exercising when he was thinking about what could have caused his change in the color of his urine.
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the davis-moore thesis argues that social inequality is beneficial to society. do you agree or disagree with this thesis? why or why not?
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I do not agree with the Davis-Moore thesis, though I can understand the perspective. It argues that social inequality encourages people to work harder. While this may be true, social inequity largely affects certain groups of people more than others. And, while it may encourage people who are at the bottom to work harder, it is unjust that they must work harder just to get to the starting point of those at the middle or top.
The Davis-Moore thesis is a sociological theory that argues that social inequality is necessary and beneficial to society. This thesis suggests that certain positions in society are more important than others, and that individuals who hold these positions should be rewarded with higher salaries, privileges, and social status. In contrast, those who hold less important positions should receive fewer rewards and privileges.
While the Davis-Moore thesis has been a subject of debate among sociologists, I personally disagree with this thesis. I believe that social inequality is a harmful and unjust system that creates a wide range of negative outcomes for individuals and society as a whole.
Firstly, social inequality leads to the concentration of power and resources in the hands of a small elite. This can result in the exploitation and marginalization of those who hold less power and resources, leading to increased poverty, social unrest, and political instability.
Secondly, social inequality reinforces discrimination and prejudice, creating social divisions and barriers that can limit opportunities and create resentment between different groups of people. This can also lead to the perpetuation of systemic oppression and social injustice, further exacerbating social inequality and reinforcing the power imbalance between different groups of people.
Overall, I believe that social inequality is a harmful and unjust system that undermines the principles of fairness, equality, and social justice. Instead of accepting and justifying social inequality, we should work towards creating a more equitable and just society that values the contributions of all individuals and promotes social cohesion and solidarity.
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Anti-Federalist belief in the importance of state sovereignty. john adams response to that challenge was?
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Answer:For both the Anti-Federalists and John Adams, the Senate was created not as a compromise between large and small states but as a mechanism for maintaining a balance between the two great orders of society, the "natural aristocracy" (the few) and the people (the many). Both regarded identifying and controlling the natural aristocracy as one of the principle tasks of republican constitutionalism, and believed this would be accomplished best by dividing the legislature into an aristocratic and a popular house so the latter could check the former. Their reasoning provides a counterpoint to the Madisonian emphasis on checks and balances among the three branches of government and reveals a deeper appreciation of how the Founders sought to preserve a republican form of government.
Explanation:
According to John Adams and the Anti-Federalists, the Senate was established to maintain balance between the "natural aristocracy" and the "people," not to reach a compromise between big and small states.
What Was John Adams an Anti-Federalists?The second American president was the Federalist John Adams. In office from 1797 to 1801 Conflicts between the Federalists and the Democratic-Republicans, the two recently created political parties, characterized John Adams' presidency.
They both felt that one of the main duties of republican constitutionalism was to identify and regulate the natural aristocracy, and that the best way to do this was to divide the legislature into an aristocratic and a popular house so that the latter could check the former.
Their justification offers a critique of the Madisonian focus on the three branches of government's checks and balances and indicates a deeper understanding of the Founders' efforts to uphold a republican system of government.
Thus, the Senate was established to maintain balance between the "natural aristocracy.
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Which of the following statements is FALSE about factors that predict divorce? a. women who have either very low or very high education or income are at higher risk for divorce b. People who get married before age 21 have a higher risk of divorce c. Marital happiness is always a strong predictor of how likely you are to divorce, no matter how long youve been married d. People whose parents divorced are more likely to get divorced themselves.
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what are the Advantages of using brainly app ?
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help me plzz i need help woth this plzz help me
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Answer:
I believe it c sorry if am wrong
Explanation:
Chapter.14 Land
What can city dwellers do to counteract the heat-island effect?
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To counteract the heat - island effect, city dwellers can :
Plant trees and vegetationInstall green roofs and wallHow can the heat - island effect be counteracted ?One way for city dwellers to fight the heat - island effect is by planting trees and vegetation to provide shade and help to cool the air through the process of evapotranspiration. Planting trees in parks, along streets, and in other urban areas can help to mitigate the heat island effect.
Green roofs and walls involve covering buildings with vegetation, which can help to cool the air and reduce heat absorption. These can also provide additional benefits, such as improving air quality and reducing stormwater runoff.
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64kg and 4 meters per second squared. how much force was used
?
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Answer:
mark me as brainliest
Explanation:
64 kg / 4 m
Exam Practice
1. Give 2 reasons why Christians believe sex before marriage is wrong (2 marks).
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Answer:
Besharm
Behaya
Explanation:
Mark me as a Brainliest. i am need
Answer:
Because 1 the Lord said it in the TEN COMMANDMENTS
2 It is for married couples so they can produce life
Explanation:
respecting others culture is ___________ our own culture
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respecting others culture is improving(?) our own culture. It could also just be respecting our own culture.
Why is the Cesar August becoming the first Roman Empire important?
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Answer:
As the first Roman emperor (though he never claimed the title for himself), Augustus led Rome's transformation from republic to empire during the tumultuous years following the assassination of his great-uncle and adoptive father Julius Caesar.
a psychology experiment (rosenhan, 1973) applied labeling theory to the diagnosis of schizophrenia in a psychiatric setting. identify the results of this experiment.
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The results of this experiment were An initial diagnosis of schizophrenia tended to color the medical staff's interpretation of patients' later behaviors.
Schizophrenia can generally be diagnosed if you've endured 1 or further of the following symptoms utmost of the time for a month vision, visions, hearing voices, incoherent speech, or negative symptoms, similar to a leveling of feelings.
Cases originally diagnosed with schizophrenia were kept under observation for several weeks, despite carrying typically all that time. no results in Cases diagnosed with schizophrenia tended to be treated with dubitation and hostility by both medical staff and other cases
After an original opinion of schizophrenia, a change in gesture led to cases slipping the counterculturist t.
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QUESTION 3: 3.1 Use example to explain when a firm should decides to close down?
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The firm decides to close down in the in which the price of the product decreases to the cost of the product. For example: if a price of the product is Rs1000 But the cost of the product is 1200 in this case firm will close.
What is Marginal cost?
Marginal cost refers to the additional cost for producing one additional product. when the marginal cost of the product incrases to its marginal revenue then it leads to the loss to the firm in that case firm will try to reduce its cost or either close down.
If the price of a pen is 10Rs and it takes 15Rs to produce the pen then there is a loss of 5r to the firm. In that case if the firm is not able to lessen its cost then it will have to closedown in the short run.
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This city was located directly on the Euphrates river Ur, Memphis, Thames, Alexandria
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Answer:
The correct answer is Ur
The zigguart was a monument temple in the center of the city
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Answer: since the other person was no help, it is true.
Which idea was the pentition of right most directly responsible for
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the Petition of Right was primarily responsible for promoting and safeguarding individual rights, including the principle of habeas corpus, the requirement of parliamentary consent for taxation, and the protection against the abuse of martial law and quartering of soldiers. It was a pivotal document that laid the foundation for constitutionalism, limited government, and the protection of fundamental rights in England.
The Petition of Right, enacted in 1628 in England, was a document that sought to limit the power of the monarchy and protect the rights and liberties of the people. It was a response to the oppressive rule of King Charles I and his disregard for the rights of the subjects. The Petition of Right had significant implications and was directly responsible for the protection of several fundamental rights.
One of the key ideas addressed in the Petition of Right was the principle of habeas corpus. This principle ensures that individuals cannot be unlawfully detained or imprisoned without sufficient legal justification. The petition demanded that no free man should be imprisoned without due process of law, emphasizing the importance of individual rights and the rule of law. The inclusion of habeas corpus in the Petition of Right played a crucial role in safeguarding personal liberties and preventing arbitrary imprisonment.
Additionally, the Petition of Right sought to address the issue of taxation without consent. It stated that the king could not impose or collect taxes without the approval of Parliament. This principle of parliamentary consent for taxation became a cornerstone of representative government and the limitation of royal authority. It established the idea that the power to tax rests with the representatives of the people, ensuring that the monarch could not impose excessive financial burdens on the subjects without their consent.
Furthermore, the Petition of Right aimed to curb the abuse of martial law and the quartering of soldiers in private homes. It asserted that martial law should not be declared in peacetime and that soldiers should not be billeted in private residences without the consent of the owner. These provisions protected individuals from arbitrary military actions and invasions of privacy, emphasizing the importance of civil liberties and the limitation of military power.
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descartes' project of methodological doubt. what is he trying to ultimately accomplish? as he carries out his methodological doubt, what are the various sources of knowledge that he doubts?
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Descartes's ultimate objective was to discover a basis for knowing that was undeniable, beyond all reasonable questions.
He tried to lay a solid basis of assurance for knowledge that could not be questioned with his project of methodological uncertainty.
He suspected everything that could be questioned during his methodological doubt, including sense experience, recollection, and even the reality of the outside world. He also questioned the validity of reason because it had previously caused him to hold false views.
Despite this, Descartes discovered that he was unable to cast any question on the fact that he was a thinking being because doing so needed him to be such.
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The question is -
Explain Descartes' project of methodological doubt. What is he trying to ultimately accomplish? As he carries out his methodological doubt, what are the various sources of knowledge that he doubts? Finally, after carrying out his methodological doubt, what - if anything - does he find that he cannot doubt?
willie is on the bus with his classmates. who is most likely to be diagnosed with psychopathology based on the criteria that his or her behavior impairs good daily functioning?group of answer choicesmarvin, who gets sad if he cannot sit behind the bus driverjemima, who plays loud music on her cell phone even though it is against the rulesbruce, who prefers to look out the window instead of talking to his seatmateelizabeth, who must walk up and down the bus steps 10 times before getting on
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The person most likely to be diagnosed with psychopathology based on the criteria that his or her behavior impairs good daily functioning is Jemima, who plays loud music on her cell phone even though it is against the rules. This behavior is disruptive and can impact the safety and comfort of others on the bus, and may suggest underlying issues with impulse control or disregard for rules and social norms.
Marvin's sadness may be a cause for concern, but it does not necessarily impair his daily functioning unless it leads to significant problems with school or social activities. Bruce's preference to look out the window is a common behavior and may not indicate any impairment unless it is accompanied by other symptoms such as social withdrawal or anxiety. Elizabeth's need to walk up and down the bus steps may suggest some compulsive tendencies, but unless it significantly interferes with her ability to get on the bus or engage in other activities, it may not qualify as impairment. Overall, while each of these individuals may exhibit behaviors that warrant further attention or support, Jemima's behavior is most likely to meet the criteria for impairing good daily functioning and potentially indicating psychopathology.
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How do consumer cooperatives increase consumption capabilities and purchasing power of members?
The 501(c)(3) tax code allows consumer cooperatives to receive discounts on their purchases of goods
Consumer cooperatives are capable of generating a profit which can then be distributed to their members, thus providing members with additional income to increase their consumption capabilities and purchasing
power.
Consumer cooperatives offer loans to their members at better rates, which then allows the members
greater access to financial resources to increase their consumption and purchasing power.
Consumer cooperatives pool their resources together to purchase goods in bulk. By purchasing goods in bulk, the cost of acquiring these goods is reduced for members compared to the normal cost that an individual would face when purchasing the product.
Answers
Answer:
D
Explanation:
Consumer cooperatives pool their resources together to purchase goods in bulk. By purchasing goods and book, the cost of acquiring these goods is reduced from numbers compared to the normal cost that an individual with face when purchasing a product.
Cooperatives increase consumption capabilities by pooling their resources together to purchase goods in bulk. By purchasing goods in bulk, the cost of acquiring these goods is reduced for members compared to the normal cost that an individual would face when purchasing the product.
What is Consumer cooperative?It includes group of people usually more than 10 coming together to pull their resources together.
As a group goods and services are easy to purchase in bulk and at a discount rate.
Therefore, Cooperatives increase consumption capabilities by pooling their resources together to purchase goods in bulk. By purchasing goods in bulk, the cost of acquiring these goods is reduced for members compared to the normal cost that an individual would face when purchasing the product.
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a lack of which neurotransmitter has been linked to depression and anxiety?
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A lack of Serotonin neurotransmitter has been linked to depression and anxiety.
A monoamine neurotransmitter, serotonin is also referred to as 5-hydroxytryptamine (5-HT). It also functions hormonally.Your central nervous system and peripheral nervous system both use serotonin as a neurotransmitter to send and receive information between nerve cells. Your body receives these chemical instructions on how to function.Serotonin influences learning, memory, and happiness as well as controlling body temperature, sleep, sexual behavior, and hunger in your body. Serotonin deficiency is thought to contribute to various illnesses such as mania, anxiety, and depression.Your gut (intestines) contains the majority of the serotonin in your body. The cells lining your digestive tract contain 90% of your body's serotonin. It's released into your bloodstream and is subsequently absorbedTo know more about serotonin here
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Why was the Treaty of Paris seen as a threat to the Indians?
Answers
Answer: England made no effort to protect their native allies from the Revolution in the treaty's terms.
Explanation:
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ANALYZE New South Political Cartoon
Describe what you see in the cartoon.
Which of the objects are symbols? List the objects/people.
What do you think the symbols mean? Describe the action taking place in the cartoon.
Explain the message of the cartoon cartoon Who would agree with the cartoon's message? Why?
Who would disagree with the cartoon's message? Why?
Answers
Answer: i dont have an answer but this might help
Explanation: Peace - dove, olive branch, victory sign.
United States - Uncle Sam, flag, stars and stripes, shield.
Democrats - donkey.
Republicans - elephant.
Death - vulture, skeleton with shroud, skull and crossbones, grim reaper.
Love - heart, Cupid, Venus.
Money - dollar bill or dollar sign.
This is a political cartoon by the artist J.S. Pughe and it was made on July 11, 1900.
The snake represents the Populist Party devouring the Democratic Party, which represents the donkey. The donkey has been used as the Democratic Party mascot since the Andrew Jackson presidency (1828). It was originally meant as an insult, but Andrew Jackson managed to turn it around into a positive image.
The presidential candidate William Jennings Bryan is also depicted in this cartoon. HIs caricature (ie face) is at the head of the snake. This indicates he's at the head of the Populist Party that is devouring the Democratic Party. In other words, he used to be more aligned with Democrats, but split off from them to form more or less his own party. William Jennings Bryan was the presidential candidate who ran against the Republican candidate William McKinley, with McKinley ultimately winning.
As to whether who would agree or disagree with this message is a matter of opinion. I think members of the Democrat party may disagree with this message because it would make them look weak, while people outside the party would agree with the message that the party is falling apart.
Why didn't the portuguese have access to the territory that is present-day latin and north america?.
Answers
Answer: The Portuguese were unable to enter present-day Latin and North America since it was already populated by indigenous peoples who had lived there for thousands of years.
Explanation: The Portuguese were more interested in exploring and colonizing other parts of the world, such as Africa, Asia, and Brazil, than in settling in North or South America.
No more than _____ gallons of a flammable liquid may be stored in a room outside of an approved cabinet.
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Outside of an approved storage cabinet, no more than 25 gallons of flammable or combustible liquids may be stored in a room.
How much liquid that can ignite can I store?
A single storage cabinet can hold no more than 60 gallons of liquids that are flammable in Category 1, 2, or 3 or 120 gallons of liquids that are flammable in Category 4. A single storage area may only contain three of these cabinets. Any additional quantities will be kept in a storage room inside.
A building's exterior storage room or storage cabinet, as well as any one fire area, may not contain more than the following quantities of liquid:25 gallons of liquids that are flammable in Category 1 in containers
What kinds of liquids must be stored in containers for 120 gallons of Category 2, 3, or 4 flammable liquids?
Only liquids that are combustible or flammable should be stored in a flammable safety cabinet. Other hazardous materials, such as acids, bases, and corrosive liquids, should not be stored in flammable cabinets but rather in cabinets designed specifically for acid and corrosive storage or other types of storage units.
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Is lack of sleep causing traffic fatalities? A study conducted found that the average number of fatal crashes caused by drowsy drivers each year was 1550. Assume the annual number of fatal crashes per year is normally distributed with a standard deviation of 300 . If the top 4% of fatal crashes caused by drowsy drivers, how many fatal crashes would have occurred? Select one: A. 294 B. 935 C. 9706 D. 2075
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The number of fatal crashes caused by drowsy drivers that would have occurred if the top 4% of fatal crashes caused by drowsy drivers are considered is 2075.Answer: D. 2075
Yes, lack of sleep is causing traffic fatalities. According to the National Sleep Foundation, approximately 100,000 reported accidents occur every year due to driver fatigue in the United States alone. As per a study conducted, the average number of fatal crashes caused by drowsy drivers each year was 1550 with a standard deviation of 300. If the top 4% of fatal crashes caused by drowsy drivers are considered, how many fatal crashes would have occurred?Now, as we know that the distribution of the number of fatal crashes per year is normally distributed, the Z-score can be calculated as follows:Z= (X-μ)/ σwhere X is the number of fatal crashes caused by drowsy drivers, μ is the mean value of fatal crashes, and σ is the standard deviation of fatal crashes. Z = (X - 1550)/300The Z-value for the top 4% of the fatal crashes can be found using the Z-score table, which is 1.75.1.75 = (X - 1550)/300Solving this equation for X, we get:X = 2075. So, the number of fatal crashes caused by drowsy drivers that would have occurred if the top 4% of fatal crashes caused by drowsy drivers are considered is 2075.Answer: D. 2075.
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Explain why resources are important to a successful economy. What type of resources would MOST benefit
the economy of a country?
Answers
Answer:
Natural resources, both renewable and non-renewable, and ecosystem services are a part of the real wealth of nations. They are the natural capital out of which other forms of capital are made. They contribute towards fiscal revenue, income, and poverty reduction.
Explanation:
The Scramble for Africa refers to A. African nations running from Europeans. B. European nations wanting the biggest and richest colonies in Africa. C. Africa becoming industrialized. D. The nations of Africa becoming independent.
Answers
The correct answer is B) European nations wanting the biggest and richest colonies in Africa.
The Scramble for Africa refers to "European nations wanting the biggest and richest colonies in Africa."
After the Berlin Conference of 1844-1845, European superpowers agreed on regulating the split of the African Continent. These European superpowers such as France, Germany, Great Britain, Spain, and Portugal split the African territory, displaced people, and created new borders in order to colonize the territories.
What Europeans really wanted was to exploit the many raw materials and natural resources that were abundant in Africa, in order to make big profits.
Answer:
B) European nations wanting the biggest and richest colonies in Africa.
Explanation:
What was the result of the United Nations' plan to divide Mandatory Palestine into an Arab state and a Jewish state?
Answers
Answer:The UN Partition Plan for Palestine was a proposal by the United Nations that recommended a partition of Mandatory Palestine into independent Arab and Jewish States. It was rejected by the Palestinians, leading to a civil war and the end of the British Mandate.
Explanation:
What is the provide a nice solution to Israel and Palestine conflict ?
Answers
The conflict between Israel and Palestine has been going on for decades, and it is a complex issue that requires a multifaceted solution. One approach that could lead to a peaceful resolution is through dialogue and negotiations between the two parties with the help of an impartial mediator or facilitator.
To facilitate productive negotiations, both sides would need to set aside their differences and come to the negotiating table with an open mind and a willingness to compromise. In addition, both sides should focus on the fundamental interests behind their positions rather than simply demanding specific outcomes.
The United Nations, Arab League, European Union, or other international organizations can help facilitate negotiations. In addition, the United States, which has historically played a significant role in the conflict, can help mediate negotiations.
There is no easy solution to the Israel-Palestine conflict, but dialogue and negotiations with an impartial mediator or facilitator can help to foster a peaceful resolution.
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of the following types of personality tests, one is based largely on characteristics that were proposed by carl jung. unfortunately, this test has not held up well to scientific analyses of validity and reliability. which one is it?
Answers
The Myers-Briggs Type Indicator (MBTI), a type of personality tests, based largely on characteristics that were proposed by carl jung, has not held up well to scientific analyses of validity and reliability.
The Myers-Briggs Type Indicator (MBTI) is a personality test that uses four dichotomous scales to determine an individual's personality type: introvert/extrovert (IE), thinking/feeling (), sensing/intuiting (SN), and judging/perception (JP) (JP). According to the MBTI, each individual has one preferred reliability from each category, resulting in 16 distinct types.
The MBTI and its outcomes are not entirely trustworthy. According to studies, even if the test-retest period is short, 50% of individuals are categorized into a different variety the second time they take the test.
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