Imagine a Technology That Enabled People to Sell Part of the Contents

question 238

Multiple Choice

Imagine a technology that enabled people to sell part of the contents of their brains directly (assume that the seller does not get to keep a copy of the contents) . Why might this make price discrimination for college education more difficult?

• A) It would be more difficult for financial aid offices to ascertain the willingness-to-pay of each student.
• B) Everyone would have the same elasticity of demand for college attendance.
• C) Everybody would panic since it would no longer be clear who knew or remembered what.
• D) Poor students could attend college (perhaps repeatedly) at a low cost and sell the information to wealthy students.

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Definitions:

Critical Reflection

The process of critically examining and evaluating one's beliefs, decisions, and actions in order to learn from them and improve future practice.

Metacognitive Skills

The ability to understand, analyze, and regulate one's own learning and thinking processes.

Mindfulness

A mental state achieved by focusing one's awareness on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations.

Fully Present

The state of being completely focused and attentive to the current moment or task.