Question 1

Which of the following suggests that education generates a positive externality?

Accepted Answer

A)  Better-educated people tend to earn higher wages. 
B)  Better-educated people make their coworkers more productive. 
C)  Better-educated people live longer than less educated people. 
D)  Better-educated people are less likely to vote and participate in a democracy. 
A)  Better-educated people tend to earn higher wages. 
B)  Better-educated people make their coworkers more productive. 
C)  Better-educated people live longer than less educated people. 
D)  Better-educated people are less likely to vote and participate in a democracy.

Question 2

Someone argues that an advantage of vouchers would be to allow high school students to learn to weld and operate a mill instead of learning about Beowulf.This person is not concerned about:

Accepted Answer

A)  excessive school specialization. 
B)  segregation. 
C)  provision of education as a natural monopoly. 
D)  vouchers as an inefficient and inequitable use of public resources. 
A)  excessive school specialization. 
B)  segregation. 
C)  provision of education as a natural monopoly. 
D)  vouchers as an inefficient and inequitable use of public resources.

Question 3

A market with a natural cost advantage to having only one provider of a service is a:

Accepted Answer

A)  black market. 
B)  free market. 
C)  natural monopoly. 
D)  natural monopsony. 
A)  black market. 
B)  free market. 
C)  natural monopoly. 
D)  natural monopsony.

Question 4

Large cuts in public education financing over the past decade have led to:

Accepted Answer

A)  a shrinking debt burden on students. 
B)  a growing debt burden on students. 
C)  no change in the debt burden on students. 
D)  a large reduction in the amount borrowed by students to pay for college. 
A)  a shrinking debt burden on students. 
B)  a growing debt burden on students. 
C)  no change in the debt burden on students. 
D)  a large reduction in the amount borrowed by students to pay for college.

Question 5

In the United States,approximately _____ of K-12 students attend public schools rather than privately funded institutions.

Accepted Answer

A)  10% 
B)  25% 
C)  50% 
D)  90% 
A)  10% 
B)  25% 
C)  50% 
D)  90%

Question 6

Which is an unintended consequence of school accountability programs?

Accepted Answer

A)  Some teachers "teach to the test" and do not focus enough on learning. 
B)  Teachers increase their focus on subjects,not on the test,to add balance. 
C)  Schools are careful to ensure that all students take standardized exams. 
D)  Teacher promotions are not based on student performance. 
A)  Some teachers "teach to the test" and do not focus enough on learning. 
B)  Teachers increase their focus on subjects,not on the test,to add balance. 
C)  Schools are careful to ensure that all students take standardized exams. 
D)  Teacher promotions are not based on student performance.

Which of the following suggests that education generates a positive externality?

Someone argues that an advantage of vouchers would be to allow high school students to learn to weld and operate a mill instead of learning about Beowulf.This person is not concerned about:

A market with a natural cost advantage to having only one provider of a service is a:

Large cuts in public education financing over the past decade have led to:

In the United States,approximately _____ of K-12 students attend public schools rather than privately funded institutions.

Which is an unintended consequence of school accountability programs?

Why Study Public Finance

Theoretical Tools of Public Finance

Empirical Tools of Public Finance

Budget Analysis and Deficit Financing

Externalities- Problems and Solutions

Externalities in Action- Environmental and Health Externalities

Public Goods

Cost-Benefit Analysis

Political Economy

State and Local Government Expenditures

Social Insurance- the New Function of Government

Social Security

Unemployment Insurance, disability Insurance, and Workers Compensation

Health Insurance I- Health Economics and Private Health Insurance

Health Insurance Ii- Medicare, medicaid, and Health Care Reform

Income Distribution and Welfare Programs

Taxation- How It Works and What It Means

The Equity Implications of Taxation- Tax Incidence

Taxes on Labor Supply

Taxes on Savings

Taxes on Risk Taking and Wealth

Taxation of Business Income

Fundamental Tax Reform and Consumption Tax

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Exam 11: Education

Which of the following suggests that education generates a positive externality?

Someone argues that an advantage of vouchers would be to allow high school students to learn to weld and operate a mill instead of learning about Beowulf.This person is not concerned about:

A market with a natural cost advantage to having only one provider of a service is a:

Large cuts in public education financing over the past decade have led to:

In the United States,approximately _____ of K-12 students attend public schools rather than privately funded institutions.

Which is an unintended consequence of school accountability programs?

Why Study Public Finance

Theoretical Tools of Public Finance

Empirical Tools of Public Finance

Budget Analysis and Deficit Financing

Externalities- Problems and Solutions

Externalities in Action- Environmental and Health Externalities

Public Goods

Cost-Benefit Analysis

Political Economy

State and Local Government Expenditures

Social Insurance- the New Function of Government

Social Security

Unemployment Insurance, disability Insurance, and Workers Compensation

Health Insurance I- Health Economics and Private Health Insurance

Health Insurance Ii- Medicare, medicaid, and Health Care Reform

Income Distribution and Welfare Programs

Taxation- How It Works and What It Means

The Equity Implications of Taxation- Tax Incidence

Taxes on Labor Supply

Taxes on Savings

Taxes on Risk Taking and Wealth

Taxation of Business Income

Fundamental Tax Reform and Consumption Tax

Filters