A problem with the socialization argument is that _____. a. the organization of public schools often lends itself to segregation b. it is unfair c. students need to learn to be good citizens d. public schools are open to everyone ANSWER a
Date: September 9th, 2020
Collective decision making costs _____. a. decrease as we get closer to unanimity b. increase as more people have to agree c. are an impediment to individual action d. are the reason why simple majority rule is always optimal ANSWER b
Date: September 9th, 2020
If 100% of individuals in a group are required to agree before an action can take place then _____. a. external costs will be high b. we cannot determine the level of external costs without additional information c. external costs will be zero d. external costs will be low ANSWER c
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
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
