Provide arguments for and against education vouchers
What will be an ideal response?
Education vouchers are attractive policy options because they introduce competition into the public education system. The hope is that just like in other areas of life, choice and competition will increase the quality of goods provided and lower the cost. Ineffective schools will be forced to close and effective schools will prosper. There are many arguments against vouchers. One argument concerns what to do about schools that charger more than the amount of the voucher. Should students and their families be allowed to supplement vouchers? It is suggested that this would lead to unfair results as the rich could purchase even more expensive schools than they do now. Another argument used against vouchers is the issue of admission standards. Public schools have to take all students that live within their attendance zones. Private schools do not. If a private school accepts (indirectly) public money, can they still be exclusionary?
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The demand for products that provide benefit externalities is generally ________ the demand for products that do not
A) greater than B) less than C) the same as D) greater or less (depending on the market) than
Economic theory looks at social coordination as a process of
A) continuing mutual adjustments to the situations created by the actions of others.
B) continuous adjustment of extremes to conform to the average.
C) passing information up from below and instructions or commands down from above.
D) sacrificing personal interest to the public or general interest.
E) sacrificing the public interest to self-interest.
Underemployment is defined as
A. People seeking full-time paid employment but work only part-time or are employed at jobs below their capability. B. Individuals desiring to work but who are discouraged by the process and have given up looking. C. Individuals who are lazy and will not go out looking for a job but say they are looking. D. People who have been laid off because of a recession and have little chance of finding a job.
Kevin owns a personal training gymnasium in Orlando. The above figure shows the demand and cost curves for his firm, which competes in a monopolistically competitive market. Kevin will train how many clients per day?
A) 4 B) 6 C) 10 D) between 2 and 4 E) None of the above answers is correct.