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
Which of the following are reasons for the increased centralization in school financing? a. The existence of diseconomies of scale in education. b. A desire by state education agencies to decentralize control. c. A desire to equalize funding across school districts. d. Increasing positive externalities from education as globalization increases. ANSWER c
Date: September 9th, 2020
The optimal size of a club that shares a public good _____. a. gets smaller if external costs decline b. gets larger if external costs decline c. gets smaller if congestion costs decline d. gets larger if congestion costs decline ANSWER d
Date: September 9th, 2020
Consider a world with three income earners. Individual A earns $20,000 and pays $1,000 in taxes. Individual B earns $50,000 and pays $5,000 in taxes. Individual C earns $100,000 and pays $2,000 in taxes. Which of the following best classifies the income tax system in this world? a. proportional b. progressive c. regressive d. none […]
Date: September 9th, 2020
An argument against increasing centralization in elementary and secondary education is _____. a. that it is anti-egalitarian b. that there are fewer administrators to oversee extracurricular programs c. that it results in less direct accountability to students and parents d. that socialization is a problem in large school districts ANSWER c
Date: September 9th, 2020
Consider a world with two income earners and an income tax. Individual A earns $25,000 and pays $1,000 in taxes. Individual B earns $100,000 and pays $3,000 in taxes. Which of the following best classifies the income tax system in this world? a. proportional b. progressive c. regressive d. consumption ANSWER c
Date: September 9th, 2020
Which of the following provide increased competition for public schools? a. homeschooling b. charter schools c. vouchers d. all of the above ANSWER d
Date: September 9th, 2020
The point where the sum of the external and decision-making costs is minimized is _____. a. unanimity b. Pareto efficient c. simple majority rule d. the optimal collective decision rule ANSWER d
Date: September 9th, 2020
