Question 1

Since the 1960's student-teacher ratios have ___________ from _____ to ______.

Accepted Answer

A) increased; 15; 26 
B) decreased; 26; 15 
C) decreased; 35; 15 
D) decreased; 17; 15 
A) increased; 15; 26 
B) decreased; 26; 15 
C) decreased; 35; 15 
D) decreased; 17; 15

Question 2

Quick conclusions about high school graduation rates should be made with care because

Accepted Answer

A) the significant increase in the granting of less valuable GEDs. 
B) the phenomenon of social promotion. 
C) the phenomenon of social promotion and the significant increase in the granting of less valuable GEDs. 
D) the decrease in reported graduation rates reflects more stringent graduation standards. 
A) the significant increase in the granting of less valuable GEDs. 
B) the phenomenon of social promotion. 
C) the phenomenon of social promotion and the significant increase in the granting of less valuable GEDs. 
D) the decrease in reported graduation rates reflects more stringent graduation standards.

Question 3

Teacher pensions in the U.S. are frequently defined by the "_____" clause.

Accepted Answer

A) rule of 60 
B) rule of 65 
C) rule of 70 
D) rule of 85 
A) rule of 60 
B) rule of 65 
C) rule of 70 
D) rule of 85

Question 4

Economists Hoxby and Leigh have identified that, over the years,

Accepted Answer

A) less bright women are shifting more toward teaching jobs. 
B) brighter women are shifting more toward teaching jobs. 
C) less bright men are shifting more toward teaching jobs. 
D) brighter men are shifting more toward teaching jobs. 
A) less bright women are shifting more toward teaching jobs. 
B) brighter women are shifting more toward teaching jobs. 
C) less bright men are shifting more toward teaching jobs. 
D) brighter men are shifting more toward teaching jobs.

Question 5

School voucher programs

Accepted Answer

A) are universally hailed by teachers unions. 
B) have not been tried in the United States. 
C) have had modest success in some experimental locations. 
D) have had students perform much worse than equally-situated students in public schools. 
A) are universally hailed by teachers unions. 
B) have not been tried in the United States. 
C) have had modest success in some experimental locations. 
D) have had students perform much worse than equally-situated students in public schools.

Question 6

Social promotion suggests that students are

Accepted Answer

A) only allowed to proceed to the next grade if they meet minimum behavioral standards. 
B) granted diplomas for survival, rather than for achievement. 
C) only allowed to graduate after taking a state exam. 
D) given an opportunity to go back and take courses to improve their grades. 
A) only allowed to proceed to the next grade if they meet minimum behavioral standards. 
B) granted diplomas for survival, rather than for achievement. 
C) only allowed to graduate after taking a state exam. 
D) given an opportunity to go back and take courses to improve their grades.

Question 7

The academic ability of students studying to be teachers has

Accepted Answer

A) remained roughly the same in time. 
B) increased markedly in recent years. 
C) decreased markedly, particularly among men, in recent years. 
D) decreased markedly, particularly among women, in recent years. 
A) remained roughly the same in time. 
B) increased markedly in recent years. 
C) decreased markedly, particularly among men, in recent years. 
D) decreased markedly, particularly among women, in recent years.

Question 8

In the analysis of educational spending on outcomes, it is generally the case that

Accepted Answer

A) only the spending devoted to raising teacher salaries matters. 
B) only the spending on reducing class size matters. 
C) spending on raising teacher salaries and reducing class size matters. 
D) neither higher salaries nor reduced class size matters. 
A) only the spending devoted to raising teacher salaries matters. 
B) only the spending on reducing class size matters. 
C) spending on raising teacher salaries and reducing class size matters. 
D) neither higher salaries nor reduced class size matters.

Question 9

Eric Hanushek, from his research, concluded that

Accepted Answer

A) K-12 teachers should be paid high salaries. 
B) K-12 education should be completely subsidized. 
C) spending more on education is a waste of taxpayers' resources. 
D) the higher is the class size, the higher will be spending per student. 
A) K-12 teachers should be paid high salaries. 
B) K-12 education should be completely subsidized. 
C) spending more on education is a waste of taxpayers' resources. 
D) the higher is the class size, the higher will be spending per student.

Question 10

Figure 36.1
-Examine Figure 36.1, which shows the market for K-12 education in an economy. The amount of external benefits associated with K-12 education in this market is _____ per student:

Accepted Answer

A) $4,000 
B) $6,000 
C) $8,000 
D) $12,000 
A) $4,000 
B) $6,000 
C) $8,000 
D) $12,000

Question 11

It is difficult to directly compare outcomes at private schools with those at public schools because

Accepted Answer

A) private schools universally spend more per child than public schools. 
B) private schools generally have children whose parents earn more income and value education. 
C) private schools generally have teachers with more advanced degrees. 
D) private schools are generally religious and religious students do not do as well. 
A) private schools universally spend more per child than public schools. 
B) private schools generally have children whose parents earn more income and value education. 
C) private schools generally have teachers with more advanced degrees. 
D) private schools are generally religious and religious students do not do as well.

Question 12

Which of the following statements is true of the of the school voucher program in the U.S.?

Accepted Answer

A) Both Republican and Democrats prefer the school voucher program. 
B) Both Republican and Democrats advocate against the school voucher program. 
C) Republicans prefer the school voucher program, whereas the Democrats do not. 
D) Democrats prefer the school voucher program, whereas the Republicans do not. 
A) Both Republican and Democrats prefer the school voucher program. 
B) Both Republican and Democrats advocate against the school voucher program. 
C) Republicans prefer the school voucher program, whereas the Democrats do not. 
D) Democrats prefer the school voucher program, whereas the Republicans do not.

Question 13

It is generally _____ to fire a bad public school teacher ________.

Accepted Answer

A) easy,; who has little interest in teaching any longer. 
B) easy; who has tenure 
C) impossible; who has committed a felony. 
D) difficult; who has tenure. 
A) easy,; who has little interest in teaching any longer. 
B) easy; who has tenure 
C) impossible; who has committed a felony. 
D) difficult; who has tenure.

Question 14

Over the years, teachers' salaries in the U.S. have _____ with inflation and _____ relative to the salaries of equally credentialed occupations.

Accepted Answer

A) increased; increased 
B) increased; decreased 
C) decreased; increased 
D) decreased; decreased 
A) increased; increased 
B) increased; decreased 
C) decreased; increased 
D) decreased; decreased

Question 15

Cherry picking is the act of

Accepted Answer

A) admitting the most expensive students, leaving the less expensive ones to public schools. 
B) admitting students who are easy to educate, leaving the harder ones to public schools. 
C) employing highly educated teachers, leaving the less educated ones to public schools. 
D) employing highly experienced teachers, leaving the less experienced ones to public schools. 
A) admitting the most expensive students, leaving the less expensive ones to public schools. 
B) admitting students who are easy to educate, leaving the harder ones to public schools. 
C) employing highly educated teachers, leaving the less educated ones to public schools. 
D) employing highly experienced teachers, leaving the less experienced ones to public schools.

Question 16

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, _____ the optimal tuition per student is

Accepted Answer

A) $2,000. 
B) $1,500. 
C) $500. 
D) $0 
A) $2,000. 
B) $1,500. 
C) $500. 
D) $0

Question 17

It is difficult to directly compare outcomes at private schools with those at public schools because

Accepted Answer

A) private schools universally spend more per child than public schools. 
B) private schools generally have children whose parents are more involved in their children's education. 
C) private schools generally have teachers with more advanced degrees. 
D) private schools are generally religious and religious students do not do as well. 
A) private schools universally spend more per child than public schools. 
B) private schools generally have children whose parents are more involved in their children's education. 
C) private schools generally have teachers with more advanced degrees. 
D) private schools are generally religious and religious students do not do as well.

Question 18

Quick conclusions about the behavior of real per student spending must be made with care because

Accepted Answer

A) more money is spent on special education, and less is spent on everything else. 
B) more money is spent on non-instructional needs, and less is spent on instruction. 
C) less money is spent on special education and less is also spent on everything else. 
D) though more money is spent per student, an increasing share goes to non-instructional needs. 
A) more money is spent on special education, and less is spent on everything else. 
B) more money is spent on non-instructional needs, and less is spent on instruction. 
C) less money is spent on special education and less is also spent on everything else. 
D) though more money is spent per student, an increasing share goes to non-instructional needs.

Question 19

From 1960 to 2010 the amount of money spent on K-12 education has _______ in dollar terms, ______ in real terms and _______ in real dollars per student terms.

Accepted Answer

A) increased; decreased; decreased. 
B) decreased; increased; decreased 
C) increased; decreased; increased. 
D) increased; increased; increased. 
A) increased; decreased; decreased. 
B) decreased; increased; decreased 
C) increased; decreased; increased. 
D) increased; increased; increased.

Question 20

Public teacher layoffs, in most states, would be

Accepted Answer

A) last in, first out. 
B) first in, first out. 
C) among the best teachers. 
D) among the worst teachers. 
A) last in, first out. 
B) first in, first out. 
C) among the best teachers. 
D) among the worst teachers.

Exam 36: Economics of K-12 Education

Since the 1960's student-teacher ratios have ___________ from _____ to ______.

Quick conclusions about high school graduation rates should be made with care because

Teacher pensions in the U.S. are frequently defined by the "_____" clause.

Economists Hoxby and Leigh have identified that, over the years,

School voucher programs

Social promotion suggests that students are

The academic ability of students studying to be teachers has

In the analysis of educational spending on outcomes, it is generally the case that

Eric Hanushek, from his research, concluded that

Figure 36.1 -Examine Figure 36.1, which shows the market for K-12 education in an economy. The amount of external benefits associated with K-12 education in this market is _____ per student:

It is difficult to directly compare outcomes at private schools with those at public schools because

Which of the following statements is true of the of the school voucher program in the U.S.?

It is generally _____ to fire a bad public school teacher ________.

Over the years, teachers' salaries in the U.S. have _____ with inflation and _____ relative to the salaries of equally credentialed occupations.

Cherry picking is the act of

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, _____ the optimal tuition per student is

It is difficult to directly compare outcomes at private schools with those at public schools because

Quick conclusions about the behavior of real per student spending must be made with care because

From 1960 to 2010 the amount of money spent on K-12 education has _______ in dollar terms, ______ in real terms and _______ in real dollars per student terms.

Public teacher layoffs, in most states, would be

Economics: the Study of Opportunity Cost

Supply and Demand

The Concept of Elasticity and Consumer and Producer Surplus

Firm Production, Cost, and Revenue

Perfect Competition, Monopoly, and Economic Versus Normal Profit

Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession, Depression

Interest Rates and Present Value

Aggregate Demand and Aggregate Supply

Fiscal Policy

Monetary Policy

Federal Spending

Federal Deficits, Surpluses, and the National Debt

The Housing Bubble

The Recession of 2007-2009: Causes and Policy Responses

Is Economic Stagnation the New Normal

Is the Fiscalsky Falling: An Examination of Unfunded Social Security, Medicare, and State and Local Pension Liabilities

International Trade: Does It Jeopardize American Jobs

International Finance and Exchange Rates

The European Debt Crisis

Economic Growth and Development

Nafta, Gatt, Wto: Are Trade Agreements Good for Us

The Line Between Legal and Illegal Goods

Natural Resources, the Environment, and Climate Change

Health Care

Government-Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program

The Economics of Prescription Drugs

So You Want to Be a Lawyer: Economics and the Law

The Economics of Crime

Antitrust

The Economics of Race and Discrimination

Income and Wealth Inequality

Farm Policy

Minimum Wage

Ticket Brokers and Ticket Scalping

Rent Control

Economics of College and University Education

Poverty and Welfare

Head Start

Social Security

Personal Income Taxes

Energy Prices

If We Build It, Will They Come and Other Sports Questions

The Stock Market Crashes

Unions

Walmart: Always Low Prices and Low Wages- Always

The Economic Impact of Casino Gambling

The Economics of Terrorism

Filters

Since the 1960's student-teacher ratios have _________ from _ to ____.

It is generally _ to fire a bad public school teacher ____.

Over the years, teachers' salaries in the U.S. have _ with inflation and _ relative to the salaries of equally credentialed occupations.

From 1960 to 2010 the amount of money spent on K-12 education has _ in dollar terms, in real terms and ___ in real dollars per student terms.