Question 1

Standardized tests are used in efforts to

Accepted Answer

A)  save on paper waste. 
B)  make schools more accountable. 
C)  give teachers more time off. 
D)  shorten school hours. 
A)  save on paper waste. 
B)  make schools more accountable. 
C)  give teachers more time off. 
D)  shorten school hours. B

Question 2

_________ is the investment that individuals make in education,training,and health care that raise their productive capacity.

Accepted Answer

A)  Capital market 
B)  Human capital 
C)  Human engineering 
D)  Private good production 
A)  Capital market 
B)  Human capital 
C)  Human engineering 
D)  Private good production B

Question 3

Commodity egalitarianism suggests that some goods be available to everyone.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain A

Question 4

Increasing the amount of annual per pupil expenditures has helped in increasing student performance.What could make that improvement better?

Accepted Answer

Answers will vary,but efficien

Question 5

Loans are better than grants for higher education.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 6

Crowding out occurs when public provision of a good substitutes for private provision.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 7

Reducing class size will

Accepted Answer

A)  improve student test scores. 
B)  decrease student test scores. 
C)  have no impact on student test scores. 
D)  have an undetermined impact on test scores. 
A)  improve student test scores. 
B)  decrease student test scores. 
C)  have no impact on student test scores. 
D)  have an undetermined impact on test scores.

Question 8

Refer to Table 7.1 below.By what percentage does real annual expenditures in public elementary and secondary schools rise between 1980 and 1985? Between 2005 and 2010? What can be said about the rate of change?

Accepted Answer

@#IMG-DLM& Between 1980 and 1985 expendi

Question 9

Vouchers allow students to

Accepted Answer

A)  get free lunches at public schools. 
B)  go to public schools at reduced rates. 
C)  receive discounts on school supplies like pens and paper. 
D)  all of these. 
E)  none of these answer options are correct. 
A)  get free lunches at public schools. 
B)  go to public schools at reduced rates. 
C)  receive discounts on school supplies like pens and paper. 
D)  all of these. 
E)  none of these answer options are correct.

Question 10

The figure below shows free public schooling leading to less education.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 11

All students should go on to college.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 12

Assume that the budget constraint in the figure below is: PEE + PAA = I,where I is total income and PE is the price of education and PA is the price of all other goods.If U(E,A)= A + E,PE = 2,PA = 1,and I = 10.If the price of education drops to 1,how much of the two goods are consumed now?

Accepted Answer

@#IMG-DLM& Just as in question 1 but now

Question 13

Standardized tests do not receive universal acceptance as being helpful in making schools more accountable.Discuss why.

Accepted Answer

Fears of schools "teaching to

Question 14

Do you believe that class size reductions will help student performance?

Accepted Answer

Answers will vary,bu

Question 15

A criticism of market-oriented schemes says that consumers may not be well informed.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 16

Government subsidies for education are motivated by

Accepted Answer

A)  concerns over disease. 
B)  concerns over creating jobs for teachers. 
C)  concerns over equity. 
D)  concerns over choice. 
A)  concerns over disease. 
B)  concerns over creating jobs for teachers. 
C)  concerns over equity. 
D)  concerns over choice.

Question 17

Education is one of the few areas of study in your text that do not require the use of public finance.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 18

Merit pay for teachers has a _________ on test student test scores.

Accepted Answer

A)  positive 
B)  negative 
C)  undetermined 
D)  none of these answer options are correct. 
A)  positive 
B)  negative 
C)  undetermined 
D)  none of these answer options are correct.

Question 19

Some economists believe that public schools would improve if they were subjected to competition.Discuss the pros and cons of this idea.

Accepted Answer

Competition would cause weaker schools t

Question 20

There is no correlation between more years of schooling and increased earnings.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Exam 7: Education

Standardized tests are used in efforts to

_________ is the investment that individuals make in education,training,and health care that raise their productive capacity.

Commodity egalitarianism suggests that some goods be available to everyone.

Increasing the amount of annual per pupil expenditures has helped in increasing student performance.What could make that improvement better?

Loans are better than grants for higher education.

Crowding out occurs when public provision of a good substitutes for private provision.

Reducing class size will

Refer to Table 7.1 below.By what percentage does real annual expenditures in public elementary and secondary schools rise between 1980 and 1985? Between 2005 and 2010? What can be said about the rate of change?

Vouchers allow students to

The figure below shows free public schooling leading to less education.

All students should go on to college.

Assume that the budget constraint in the figure below is: PEE + PAA = I,where I is total income and PE is the price of education and PA is the price of all other goods.If U(E,A)= A + E,PE = 2,PA = 1,and I = 10.If the price of education drops to 1,how much of the two goods are consumed now?

Standardized tests do not receive universal acceptance as being helpful in making schools more accountable.Discuss why.

Do you believe that class size reductions will help student performance?

A criticism of market-oriented schemes says that consumers may not be well informed.

Government subsidies for education are motivated by

Education is one of the few areas of study in your text that do not require the use of public finance.

Merit pay for teachers has a _________ on test student test scores.

Some economists believe that public schools would improve if they were subjected to competition.Discuss the pros and cons of this idea.

There is no correlation between more years of schooling and increased earnings.

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters

Assume that the budget constraint in the figure below is: P_EE + P_AA = I,where I is total income and P_E is the price of education and P_A is the price of all other goods.If U(E,A)= A + E,P_E = 2,P_A = 1,and I = 10.If the price of education drops to 1,how much of the two goods are consumed now?