Microeconomics

Which of the following are criticisms of voucher programs? a. They do

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  

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Date: September 9th, 2020

Consider a world with three income earners. Individual A earns $20,000

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 […]

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Date: September 9th, 2020

An argument against increasing centralization in elementary and second

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  

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Date: September 9th, 2020

Consider a world with two income earners and an income tax. Individual

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  

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Date: September 9th, 2020