Lan Explains That the Chinese Immigrants She Interviewed Have Concerns

question 13

Multiple Choice

Lan explains that the Chinese immigrants she interviewed have concerns about which of the following aspects of college admissions?

• A) the emphasis on SAT scores
• B) the "Asian quota"
• C) the emphasis on holistic development
• D) the high cost of campus visits

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Definitions:

Collusion

A secret or illicit cooperation or conspiracy, especially between parties to deceive or defraud others, often used in the context of businesses agreeing on prices.

Marginal Cost

The expenditure involved in the production of one more unit of a product or service.

Fixed Cost

Costs that do not vary with the level of output produced, such as rent, salaries, and insurance premiums.

Cartel

A group of independent market participants who collude to increase prices and limit output in order to maximize their collective profits.