Exam 36: Economics of K-12 Education

Quick conclusions about the behavior of SAT scores should be made with care because

The educational production function shows the _____ relationship between _____ and _____.

Most public school systems operate in a

In 2011, these states saw challenges to the collective bargaining rights of their teachers.

In 2014, the U.S. spent ________ to educate _________ elementary and secondary school students.

The empirical evidence suggests that greater spending on public education in the 1980's and 1990's _____________ impact on education outcomes.

Figure 36.1 -Examine Figure 36.1, which shows the market for K-12 education in an economy. If the market is unsubsidized, the equilibrium number of students educated is

Figure 36.1 -Examine Figure 36.1, which shows the market for K-12 education in an economy. If the market is unsubsidized, the equilibrium tuition fees per student for K-12 education is

The educational outcomes at private schools are generally _____ those in public schools.

Most public school teachers are

The difference between the present value of all benefits and the present value of all costs is the

Unions in general, and teachers' union in particular, prefer that salaries be based solely on _____ of the worker.

Figure 36.1 -Examine Figure 36.1, which shows the market for K-12 education in an economy. If K-12 education is completely subsidized, _____ students will be educated.

A teacher's pension is likely to be determined

Which of the following is true of the structure of the public education system in the United States?

A public teacher's pension is likely to be

In the presence of positive externalities, a market will charge ______ and produce _____.

Research by Jonah Rockoff suggests that there is

In the presence of positive external benefits, the efficient price to charge parents for the education of their children is

Economists Lochner and Moretti have identified external benefits to education in the form of