Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter EMC, Problem 3MCQ
To determine
To state: The name of the strategy, when the colleges use grade point averages to make admissions decisions.
Expert Solution & Answer
Answer to Problem 3MCQ
The correct option is B i.e Screening
Explanation of Solution
So, the correct option is B i.e Screening.
The colleges use grade point averages to make admissions decisions i.e they screen out from a large number of students the ones that are capable of their college. This strategy is known as screening i.e finding the best out of a group.
The definition of screening suggests using noticeable information about people to make conclusions about their private information.
Economics Concept Introduction
Introduction:
Screening: Adverse selection can be condensed through screening: using noticeable information about people to make conclusions about their private information.
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