Equalization of resources across school districts would be less of a concern if _____. a. there was no link between spending and achievement b. there was a strong link between spending and achievement c. classroom teachers were better paid d. taxpayers were willing to spend more ANSWER a
Date: September 9th, 2020
The fact that positive externalities may exist in education is not enough to justify government involvement. To justify government involvement, it must be shown that _____. a. the effect of the externalities are large b. the externalities are inframarginal c. people do not internalize the externalities d. education is an investment good ANSWER b […]
Date: September 9th, 2020
Rank-order the following three gifts in terms of potentially providing the highest utility to the lowest: 1 ) A new video game; 2 ) A gift card to a video game store; 3 ) Cash. A) 1, 2, 3 B) 2, 3, 1 C) 3, 2, 1 D) 1, 3, 2 ANSWER C
Date: September 9th, 2020
Which of the following is not a negative externality? a. smog b. noise pollution c. substandard housing d. majority voting ANSWER d
Date: September 9th, 2020
Suppose a tax is implemented to fund low-income housing. Which principle of taxation is most appropriate as a guide to evaluating the tax? a. the benefit principle b. the ability-to-pay principle c. a combination of the benefit principle and the ability-to-pay principle d. the mobility principle ANSWER b
Date: September 9th, 2020
In the above figure, Graph D with Capital on the vertical axis and labor on the horizontal axis implies that A) the marginal product of labor is increasing as more labor is employed. B) the marginal product of labor is decreasing as more labor is employed. C) the capital and labor are perfect substitutes. D) […]
Date: September 9th, 2020
In which of the following cases does the benefit principle provide little guidance? a. The benefits of the program are spread throughout the population. b. Gasoline taxes are used to fund highways. c. It is difficult to identify the beneficiaries of government programs. d. In cases a and c. e. In none of the above […]
Date: September 9th, 2020
Empirical evidence seems to suggest that there is _____ between education and education. a. a strongly positive link b. a weakly positive link c. no link d. a weakly negative link ANSWER c
Date: September 9th, 2020
The use of a property tax to fund public schools is an example of _____. a. the benefit principle at work b. the ability-to-pay principle at work c. a compromise between the benefit and ability-to-pay principles d. the Ramsey rule at work ANSWER c
Date: September 9th, 2020
In year 2000 dollars, per pupil expenditures on education in the United States in 1940 was around _____. a. $500 b. $1000 c. $2000 d. $4000 ANSWER b
Date: September 9th, 2020
