The public knowledge communicated by a range of non-specialist masses encompassing a wide subject range. General erudition: knowledge of many things.
What does General Knowledge talk about?
Knowledge about anything, anyone, anyplace in the universe. General acquaintance with facts, truths, or principles, as from study or investigation. General knowledge is also moderately associated with verbal ability, though only weakly or not at all with numerical and spatial ability.
Why is General Knowledge Needed?
There are studies that found General Knowledge can predict exam results. The study examined personality predictors &cognitive ability in student's exam performance which found General knowledge was positively related with overall exam results.
Administered prices are prices set by government or firms which are not determined by regular market forces. They do not vary in response to short-run fluctuations in demand and supply conditions.
Examples include price controls and rent controls.
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