Which of the following statements about public education is TRUE?
A. Most of the increases in public spending on public education have gone into programs that have increased student learning.
B. Over the last 40 years, there has been a decrease in public spending for public education, while there has not been a significant increase in performance.
C. Over the last 40 years there has been no decline in any of the measures of student performance in public education.
D. Over the last 40 years, there has been an increase in spending for public education, while there has not been a significant increase in performance.
Answer: D
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Wages and salaries are examples of:
A. consumption. B. labor income. C. profits. D. capital income.
The role of the entrepreneur in society is to
A. regulate what products are considered safe to market. B. provide capital to the firm which the management combines with labor. C. control the land upon which all production takes place to get the most rent. D. bring the factors of production together and take the risks of producing.
Answer the next question using the following budget information for a hypothetical economy. Assume that all budget surpluses are used to pay down the public debt. Government SpendingTax RevenuesGDPYear 1$450$425$2,000Year 25004503,000Year 36005004,000Year 46406205,000Year 56805804,800Year 66006205,000If year 1 is the first year of this nation's existence and year 4 is the present year, the public debt as a percentage of GDP in year 4 is
A. 3.9%. B. 2.5%. C. 1.39%. D. 7.5%.
Angela reads financial advice columns and concludes the following. Which, if any, of her conclusions are incorrect?
a. Higher average returns come at the price of higher risk. b. People who are risk averse should never hold stock. c. Diversification cannot eliminate all of the risk in stock portfolio. d. None of her conclusions are incorrect.