The Effects of Economic Conditions on Consumers' Ability and Willingness

question 55

Multiple Choice

The effects of economic conditions on consumers' ability and willingness to buy would best be called ____ forces.

• A) technological
• B) sociocultural
• C) competitive
• D) economic
• E) legal and regulatory

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Definitions:

Criterion-Referenced Testing

involves evaluating and scoring a test taker's performance based on a specific set of criteria or standards, rather than comparing it to the performance of a peer group.

No Child Left Behind

A U.S. Act aimed at closing the achievement gap with accountability, flexibility, and choice, so that no child is left behind.

Norm-Referenced Testing

Testing that compares an individual's performance or scores to a norm group or standard to evaluate relative standing.

T Scores

Standardized scores on psychological and educational tests that have a mean of 50 and a standard deviation of 10, used to compare individual performance against a normative sample.