What Is the Program for International Student Assessment (PISA)

question 17

Multiple Choice

What is the Program for International Student Assessment (PISA) ?

• A) The global version of No Child Left Behind
• B) A global non-profit organization providing standardized testing instruments to schools
• C) A sophisticated system for comparing international educational performance across countries and over time.
• D) A study abroad and transfer program to provide students with cross-national learning opportunities.

---

Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with a higher elasticity indicating a greater responsiveness.

Monopolist's Profits

The excess earnings a monopoly achieves due to the lack of competition, allowing for price control and higher profit margins.

Separate Markets

Distinct market segments or areas where transactions occur independently, often with differences in prices or products.

Resold

The act of selling a product or asset that has previously been purchased.