How has the financing of elementary and secondary education changed in the United States since 1940? What is the primary reason for this trend?
What will be an ideal response?
Historically, elementary and secondary education in the United States was a local enterprise. This meant school financing was traditionally financed mostly at the local level. In 1940, for example, nearly 70 percent of financing for elementary and secondary education came from local sources. By 2000, that figure had declined to just over 40 percent with increases in state government funding making up most of the difference. The primary reason for the increase in state (and to some extent federal) funding has been the attempt to equalize funding across school districts. Since local school districts differ in the property tax bases available to them, more state funding allows more aid to be targeted to poor school districts.
You might also like to view...
Net exports is negative if
A) the value of exports exceeds the value of imports. B) the value of imports exceeds the value of exports. C) the tariff payments are included in the value of imported and exported items. D) too much production occurs in the exporting country during the year.
Which of the following is an example of a quasi-public good?
A) stock of knowledge in the public domain B) crime prevention C) cable television D) organic apples
If tax revenues from a cigarette tax are used to pay for healthcare expenses related to lung cancer, the cigarette tax could be justified using the __________
Fill in the blank(s) with correct word
One reason there is political opposition to international trade is that:
A. the potential gains from specialization and trade are small. B. not everyone benefits from trade. C. trade does not increase the total value of goods and services produced by a nation. D. the differences in opportunity costs between countries are small.