Principles of Microeconomics CLEP Test Description
The Principles of Microeconomics CLEP test covers the information that is taught in one semester introductory course at the college level in microeconomics. It covers the information about economics on a smaller scale, i.e., the consumer scale.
You will be tested on measurement concepts supply, demand, price elasticity, utility, price and quantity controls, equity, regulation and monopolies. You need to understand the purchasing decisions for firms and individuals.
It is important to understand that you do not have to answer each and every question correct to get a passing score. You need to get 50 of 100 correct (in most cases) to pass. The people the write the CLEP tests want you to know about half of the information to get a passing score.
CLEP Credits: 3
CLEP Difficulty: 3
Number of Questions on the CLEP Test: 80
ACE Recommended Passing Score: 50