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The Test of Economic Literacy or TEL is a
standardized test
A standardized test is a test that is administered and scored in a consistent, or "standard", manner. Standardized tests are designed in such a way that the questions and interpretations are consistent and are administered and scored in a predete ...
of
economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services.
Economics focuses on the behaviour and intera ...
National Council on Economic Education
The Council for Economic Education (the new name, since 2009 January, of the National Council on Economic Education) is an organization in the United States that focuses on the economic and financial education of students from kindergarten throug ...
(NCEE) .
The TEL is in its fourth edition and is available, along with an examiner’s manual, for teachers, school administrators and researchers through the NCEE. The revision process took place at the
National Center for Research in Economic Education The National Center for Research in Economic Education (NCREE) is a non-profit center located at the University of Nebraska-Lincoln in Lincoln, Nebraska, US. Its primary function is to assist researchers and other organizations with research, asses ...
(NCREE) and included norm-references that consisted of teacher and student participation from over 100 high schools across the United States. The TEL has two parallel forms, each composed of forty-five 4-option
multiple-choice
Multiple choice (MC), objective response or MCQ (for multiple choice question) is a form of an objective assessment in which respondents are asked to select only correct answers from the choices offered as a list. The multiple choice format is m ...
items with
content validity
In psychometrics, content validity (also known as logical validity) refers to the extent to which a measure represents all facets of a given construct. For example, a depression scale may lack content validity if it only assesses the affective dim ...