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
Date: September 9th, 2020
In spite of the stated goal of discouraging behavior, if a sumptuary tax is applied on _____, behavior will not change very much. a. a good with elastic demand b. a good with inelastic demand c. income d. wealth ANSWER b
Date: September 9th, 2020
An increase in congestion costs associated with a public good provided through clubs will _____. a. lead to new clubs being formed b. lead to a reduction in the optimal size of the club c. be unrelated to congestion costs d. lead to fewer clubs being formed ANSWER b
Date: September 9th, 2020
In 1999, what percentage of K-12 students attended private schools? a. Around 6 percent b. Around 9 percent c. Around 11 percent d. Around 14 percent ANSWER c
Date: September 9th, 2020
Education vouchers have the advantage that they retain ______ but still allow _____. a. government financing; parents to choose b. government production; considerable government control c. government production; parents to choose d. government financing; considerable government control ANSWER a
Date: September 9th, 2020
Using the principle of vertical equity, it is easy to argue in favor of _____. a. sumptuary taxation b. progressive taxation c. regressive taxation d. none of the above ANSWER d
Date: September 9th, 2020
If a good is congestible, then _____. a. the optimal sharing group is a the national level b. the optimal club size is where marginal reduction in cost per user is minimized c. some congestion is optimal d. marginal costs are constant for any possible output level ANSWER c
Date: September 9th, 2020
Taxes that are designed to discourage consumption of the taxed good are called _____. a. regressive taxes b. head taxes c. sumptuary taxes d. sales taxes ANSWER c
Date: September 9th, 2020
Which of the following are criticisms of voucher programs? a. They do not allow government to exercise enough control over education finance. b. Exclusionary admission standards under a voucher program would be unjust. c. Vouchers might be used at sub-standard schools. d. all of the above e. b and c ANSWER e
Date: September 9th, 2020
The optimal sharing group _____. a. increases as the cost of the public good increases b. declines as the cost of the public good increases c. declines as the cost of the public good declines d. increases as the cost of the public good increases ANSWER a
Date: September 9th, 2020
