Over the past 40 years, there has been an increase in spending on public education without a significant increase in student performance. One explanation given by economists on why student performance has not improved is that
A) not enough funds have been spent on public education.
B) schools are providing high-priced services that are not valued by parents.
C) the quantity of educational services has not increased beyond the pre-subsidy equilibrium.
D) too much competition for educational services.
B
You might also like to view...
Suppose the current level of output is 5000 and the elasticity of output with respect to capital is 0.4. A 10% increase in capital would increase the current level of output to
A) 5020. B) 5050. C) 5200. D) 5500.
Which of the following statements best describes the domestic beneficiaries of international trade?
a. Over time, the average person gains from international trade as a worker, but not as a consumer. b. Over time, the average person gains from international trade, both as a worker and as a consumer. c. Over time, the average person gains from international trade as a consumer, but not as a worker. d. Over time, the average person does not gain from international trade, either as a worker or as a consumer.
What is an arrangement between countries to allow free trade between members called?
a. economic union b. common market c. trade forum d. free trade agreement
Federal subsidies to higher education have the effect of
a. increasing the number of people seeking higher education and lowering tuition b. increasing the number of people seeking higher education and raising tuition c. decreasing the number of people seeking higher education and lowering tuition d. decreasing the number of people seeking higher education and raising tuition