Elite colleges and universities use standardized test scores (such as SAT and ACT scores)and high school grades as
A)a means to raise student utility.
B)a means to turn a university education from a "good" to a "bad."
C)rationing devices.
D)a means to eliminate scarcity.

Question

Quizplus · Accepted Answer

Standardized test scores and high school grades are used by elite colleges and universities as rationing devices. These schools receive far more applications from qualified candidates than they can admit, so they use academic performance as one factor in deciding which students to admit.

Elite Colleges and Universities Use Standardized Test Scores (Such as SAT