The First National Certification Examination Was Offered In

question 13

Multiple Choice

The first national certification examination was offered in:

• A)1985.
• B)1982.
• C)1983.
• D)1990.

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Definitions:

Price of Apple

The cost at which an apple, as a fruit or as a company's stock (Apple Inc.), can be purchased, depending on context.

Price of Orange

Refers to the cost to purchase a single unit or a specified amount of oranges in a given market.

Substitution Effect

The economic principle that as prices rise or income decreases, consumers replace more expensive items with less costly alternatives.

Normal Goods

Goods for which demand increases as consumer income rises, and decreases when consumer income falls.