British Students Apply to University Before They Complete Their National

question 7

Multiple Choice

British students apply to university before they complete their national examinations. Universities typically accept students with conditions, for instance, two A grades. Which concept of asymmetric information does this illustrate?

• A) Signaling.
• B) Screening.
• C) Contingent contract.
• D) a, b and c.

---

Definitions:

Graphically

Representing data or information in a visual format, such as charts or graphs, to simplify complex concepts.

Set of Equations

A collection of mathematical equations, often used to solve problems where multiple variables are involved.

Three Figure Accuracy

Refers to rounding numerical values to three significant figures for precision in calculations or reporting.

Pair of Equations

Two mathematical equations set up in relation to each other, often used to find the values of two unknown variables by solving them simultaneously.