Which of the Following Statements Best Describes Current Trends in Private

question 94

Multiple Choice

Which of the following statements best describes current trends in private school attendance?

• A)About 20 percent of elementary and secondary students are educated in private schools.
• B)The majority of students who attend private schools began in public schooling.
• C)Only 1 percent of students at private schools pay tuition of more than $5000 per year.
• D)Minority students are excluded from private schools due to high tuition costs.

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Definitions:

Price

The cost at which something is being sold, reflecting the value that consumers or purchasers assign to a good or service.

Utility

An economic term referring to the total satisfaction received from consuming a good or service.

Marginal Utility

The increased gratification or utility derived from the consumption of an extra unit of a good or service.

Energy Drink

A type of beverage containing stimulant compounds, usually caffeine, that is marketed as providing mental and physical stimulation.