Assessment Plays an Important Part in Determining a Student's

question 43

Multiple Choice

Assessment plays an important part in determining a student's

• A) success.
• B) goals and objectives.
• C) motivational characteristics.
• D) physical impairments.

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Definitions:

Consumer Surplus

The difference as marked by what consumers are prepared to spend on a good or service versus the actual payment made.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Externalities

Costs or benefits that affect a party who did not choose to incur that cost or benefit.

Consumer Surplus

The difference in the total amount expected to be paid by consumers for a good or service and the actual payment made.