A Test Is Considered to Have __________ When It Produces

question 59

Multiple Choice

A test is considered to have __________ when it produces consistent results each time it is administered.

• A)cultural fairness
• B)reliability
• C)validity
• D)accuracy

Understand the basic principles of market economics including the roles of supply and demand.

Recognize how prices adjust to eliminate shortages and surpluses and achieve market equilibrium.

Identify the effects of supply and demand shifts on market equilibrium.

Understand the concept of elasticity in relation to supply and demand.

---

Definitions:

Normal Good

A good for which demand increases as the income of the buyer increases, implying a positive relationship between income and demand.

iTunes Music

A media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc.

Fewer Downloads

A situation indicating a decrease in the number of times digital content is downloaded by users, possibly reflecting changes in preference or accessibility.

Inferior Good

A type of good for which demand decreases as the income of the consumers increases, opposed to a normal good where demand increases with rising income.