A Test That Measures What It Claims to Measure Is

question 49

Multiple Choice

A test that measures what it claims to measure is considered

• A) reliable.
• B) valid.
• C) standardized.
• D) norm-referenced.

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Definitions:

Price Elasticity of Demand

A gauge of demand elasticity in reaction to price adjustments for a particular commodity.

Unity

In economic terms, unity can refer to a sense of agreement or cohesion among members of a market or organization, striving towards common goals or values.

Inelastic

Characterizes a condition in which the demand for a good or service is relatively unresponsive to changes in its price.