In Order to Develop Useful Standards for a Test, It

question 70

Multiple Choice

In order to develop useful standards for a test, it is important to use a normative group that consists of a

• A) small group of people who are very similar to each other.
• B) large group of people who all share a key characteristic.
• C) large group of very diverse people.
• D) small group that differs from the population at large.

---

Definitions:

Total Utility

The cumulative satisfaction or value that a person derives from consuming a certain quantity of goods or services.

Indifference Curve

A graph showing combinations of goods between which a consumer is indifferent, representing equal levels of satisfaction.

Convex

In economics, a shape of the curve describing a relationship that yields increasing returns or benefits, where the slope increases as you move from left to right.

Indifference Curves

A graphical representation of different bundles of goods between which a consumer is indifferent, showcasing preferences and trade-offs.