Some economists believe that public schools would improve if they were subjected to competition. Discuss the pros and cons of this idea.
What will be an ideal response?
Competition would cause weaker schools to try harder to retain the students that they have.
Competition could lead to teaching being concentrated at getting students' test scores to rise without regard to subject matter.
You might also like to view...
Factors that influence labor productivity include ________
A) the inflation rate, the real wage rate, and the exchange rate B) the labor demand curve C) physical capital, the real wage rate, and technology D) physical capital, human capital, and technology
In combating stagflation, a government-induced:
a. increase in aggregate demand would help reduce inflation but aggravate unemployment. b. decrease in aggregate demand would help reduce unemployment but aggravate inflation. c. increase in aggregate demand would help reduce unemployment but aggravate inflation. d. decrease in aggregate demand would help reduce both unemployment and inflation. e. increase in aggregate demand would help reduce both unemployment and inflation.
Which of the following statements is true?
A. Keynesians believe that consumers are inherently unstable in consumption decisions, but that businesses are relatively stable in making investment decisions. B. Monetarists believe in discretionary monetary policy. C. Lowering tax rates is the main priority of supply side economists. D. Supply-side economists believe in a heavily regulated economy.
Explain under what conditions supply is very inelastic and elastic.
What will be an ideal response?