The Primary Objective of the SAT Is to

question 182

Multiple Choice

The primary objective of the SAT is to

• A) assess high school achievement.
• B) predict college performance.
• C) assess college achievement.
• D) guarantee competent professionals.

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Definitions:

Demand Function

A mathematical representation that describes the relationship between the quantity of a good that consumers are willing and able to purchase and its price.

Substitution Effect

The change in the consumption of goods that results from a change in their relative prices, holding the consumer's level of utility constant.

Income

Compensation acquired from job employment or the act of investing, usually in a regular pattern.

Price

The expected financial outlay, required, or dispensed in payment for something.