Which Element Best Illustrates an Actual Criterion for a Student's

question 101

Multiple Choice

Which element best illustrates an actual criterion for a student's performance in college?

• A) outstanding academic record
• B) involvement in campus activities
• C) grade-point average
• D) participating in class

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Definitions:

Specialization

The process of focusing effort and resources on a specific task or area of production to increase efficiency and expertise.

Trade

The exchange of goods, services, or both within or between countries.

Invisible Hand

A metaphor for the self-regulating nature of the marketplace that guides individuals to unintentionally benefit society through the pursuit of their own interests.

Adam Smith

An 18th-century Scottish economist and philosopher best known for his theories on free market economies and the invisible hand concept.