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
Political decisions will be _____ only if the decision was approved by _____. a. Pareto improvements; a unanimous vote b. in the public interest; a majority vote c. Pareto improvements; a majority vote d. undertaken; a unanimous vote ANSWER a
Date: September 9th, 2020
One reason education expenditures are increasing is that a larger percentage of resources are now being used on _____ expenditures. a. teacher aide b. non-classroom c. teacher salary d. textbook ANSWER b
Date: September 9th, 2020
The ability-to-pay principle states that _____. a. individuals should pay taxes in proportion to their ability to pay b. individuals should not move to localities where they cannot pay the taxes c. individuals should not use government programs unless they contribute something in taxation d. individuals should pay taxes only if they benefit ANSWER […]
Date: September 9th, 2020
A unanimity rule for collective decision making has the disadvantage of _____. a. accepting too many inefficient outcomes b. high decision-making costs c. not clearly being a Pareto improvement d. increasing external costs ANSWER b
Date: September 9th, 2020
Adam Smith noted that when public expenditures are undertake for the general benefit of everyone in a society then _____. a. there is considerable conflict between the benefit principle and the ability-to-pay principle b. there is no conflict between the benefit principle and the ability-to-pay principle c. the benefit principle provides little guide to tax […]
Date: September 9th, 2020
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
Tolls for government turnpikes have features of a tax based on _____. a. the benefit principle b. the ability-to-pay principle c. the Ramsey rule d. redistribution ANSWER a
Date: September 9th, 2020
At Joey’s Lawncutting Service, a lawn mower cannot cut grass without a laborer. A laborer cannot cut grass without a lawn mower. Which graph in the above figure best represents the isoquants for Joey’s Lawncutting Service when capital per day is on the vertical axis and labor per day is on the horizontal axis? A) […]
Date: September 9th, 2020
