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Both U.S. and international schools grant CLEP credit. Most of the tests are 90 minutes long. As of 2023, they cost $90 each; they will cost $93 in the 2023–2024 school year. [2] The tests are free to U.S. military service members and some veterans. [7] [8] There is an additional fee of $10 for the optional essay portion of some of the exams.
Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...
Whereas CLEP tests are almost exclusively used for lower level credit at regionally accredited institutions, DSST's are available for both upper and lower level credit. Prometric administers Internet -based versions of DSSTs under contract with the Defense Department (for military personnel) or on a fee basis (for civilians).
Advanced Placement (AP) Microeconomics (also known as AP Micro) is a course offered by the College Board as part of the Advanced Placement Program for high school students interested in college-level coursework in microeconomics and/or gaining advanced standing in college.
The SAT Subject Tests were standardized tests intended to measure student performance in specific areas, such as mathematics, science, and history. On January 19, 2021, the College Board discontinued Subject Tests. This was effective immediately in the United States. The following summer, the tests were to be phased out for international students.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
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