The key point about a TIT for TAT strategy is _____. a. it is confusing to others b. it leads to sub-optimal outcomes c. that over time it encourage cooperation d. that it leads to a one time victory ANSWER c
Per pupil spending on education was seven times higher in 2000 than in 1940 after adjusting for inflation. a. True b. False ANSWER a
In terms of economic organization, the main difference between high schools and colleges is _____. a. that most colleges are monopolies while high schools are highly competitive b. that most colleges are for-profit institutions while high schools are public nonprofits c. that more market mechanisms are used at the college level d. there are no […]
The results of human action but not of human design a. have traditionally led to anarchy b. can easily be converted into collective decision-making c. have frequently evolved over time into self-enforcing social institutions d. is in actually the result of planned education funding ANSWER c
Welfare programs satisfy the criteria of the benefit principle. a. True b. False ANSWER b
In a repeated prisoner’s dilemma situation, cooperation can be achieved _____. a. if player A cooperates as long as player B cooperates b. if player A continually defects on player B c. if player A cooperates regardless of what player B does d. never ANSWER a
Special interests influence tax policy at all levels of government, but ______. a. they are most effective at the local level b. they are most effective at the state level c. they are most effective at the federal level d. they are equally effective at all levels of government ANSWER c
Philosopher John Rawls developed a thought experiment to help determine a standard by which we could say individuals are in agreement with the constitutional rules and, thus, actions of government. Behind his “veil of ignorance” _____. a. people know nothing about their friends and family b. people know nothing about themselves c. people know nothing […]
A complete understanding of tax policy requires knowledge of the principles of equity and efficiency in taxation, as well as awareness of _____. a. business b. sociology c. ethics d. politics ANSWER Tax Policy in the Real World
An advantage of charter schools is they _____. a. educate students at a lower cost than traditional public schools b. increase the amount of competition in the public school system c. have innovative curriculums that lead to rapid student improvement in most cases d. a and b ANSWER d