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The Concept of Validity Refers to How Well a Test

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The concept of validity refers to how well a test measures what it is intended to measure. A specific type of validity that measures whether the items on a test measure all the knowledge or skills that are assumed to be part of the construct measured by a test is called _____________.


Definitions:

Marginal Cost

Marginal cost is the increase in total production cost that arises from producing one additional unit of a product or service.

Subsidy

A financial contribution granted by the government or a public body to help an industry or business keep the price of a commodity or service low.

Marginal Costs

The increase in cost resulting from the manufacture of one additional unit of a good or service.

Decreasing Costs

Situations in which costs diminish as the level of production or scale of operations increases.

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