One of the Problems with Credentialism Is That More and More

question 24

Multiple Choice

One of the problems with credentialism is that more and more students (with their parents' help) are attempting to attend private schools or to be placed in the best tracks in their public school.This may be one of the reasons that:

• A) increasingly more employers are not asking for educational accomplishments at job interviews.
• B) parents are attempting to have their children accepted at the "right" day care, sometimes even before they are born.
• C) increasingly fewer boys are graduating from college.
• D) fewer people are able to perform their actual jobs.

---

Definitions:

Utility-Maximizing

A theoretical concept in economics that individuals or firms seek to achieve the greatest satisfaction or profit from their actions, subject to their resources.

Price

The amount of money expected, required, or given in payment for something.

Money Income

Income received in the form of money rather than in-kind benefits or goods, crucial for determining purchasing power and standard of living.

Marginal Utility

The increase in satisfaction or advantage a buyer experiences from acquiring one more unit of a good or service.