In 1952, there were _____ school districts in the United States. a. fewer than 15,000 b. around 30,000 c. around 45,000 d. more than 60,000 ANSWER d
Date: September 9th, 2020
Two types of costs must be considered when selecting the optimal decision rule. They are _____ and _____. a. decision-making costs; external costs b. marginal costs; variable costs c. decision-making costs; political costs d. political costs; external costs ANSWER a
Date: September 9th, 2020
Which of the following are not subsets of the ability-to-pay principle? a. horizontal equity b. vertical equity c. diagonal equity d. beneficial equity ANSWER c
Date: September 9th, 2020
_____ increase as we move away from unanimity rule. a. External costs b. Internal costs c. Pareto efficiency d. decision-making costs ANSWER a
Date: September 9th, 2020
_____ the externality generated by education, individuals have a _____ incentive to obtain an education for themselves. a. Because of; strong b. Despite; strong c. Because of; weak d. Despite; weak ANSWER b
Date: September 9th, 2020
One reason a gift card might be less desirable than cash? A) A gift card requires an individual to purchase from a particular store, which restricts the choice set. B) Cash requires an individual to purchase from a particular country, which restricts the choice set. C) Cash and the gift card are equally desirable, there […]
Date: September 9th, 2020
Suppose Seth and Nathan are college students with the same annual income, yet Seth pays half of the annual income tax that Nathan does. Which statement best summarizes a possible issue with this outcome from a principle of tax policy perspective? a. It violates the principle of vertical equity. b. It violates the principle of […]
Date: September 9th, 2020
As the percentage of a group required for agreement approaches 100 percent, _____ costs _____. a. decision-making costs; increase b. decision-making costs; decrease c. political costs; increase d. political costs; decrease ANSWER a
Date: September 9th, 2020
The principle of horizontal equity is satisfied when _____. a. individuals receiving the same benefits end up paying the same in taxes b. the public interest is being met c. all individuals pay the same tax d. individuals with an equal ability to pay end up paying the same in taxes ANSWER d
Date: September 9th, 2020
The socialization rationale for public education implies that private schools _____. a. are more segregated along class and perhaps racial lines b. are more homogenous c. are often organized around an exclusionary orientation d. all of the above ANSWER d
Date: September 9th, 2020
