Suppose That Mr

question 136

Multiple Choice

Suppose that Mr. Yipol gives 100 students a reading exam. He then selects the five students with the highest scores for a special reading program. At the end of the reading program, he administers the same reading exam again. To Mr. Yipol's astonishment, though, the students actually perform worse this time. While it might well be the case that the reading program actually negatively impacted the students' reading ability, Mr. Yipol would be wise to consider that the decrease could be due to ____.

• A) false consensus
• B) false uniqueness
• C) statistical regression
• D) illusion of control

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Definitions:

Marginal Rate

The rate of change in a quantity or cost in response to a one-unit change in another variable.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs.

Utility

In economics, it represents a measure of satisfaction or happiness that consumers derive from the consumption of goods and services.

Efficient

The optimal allocation of resources to maximize the production of goods and services without wasting those resources.