School voucher programs
A. have not been tried in the United States.
B. have had modest success in some experimental locations.
C. are universally hailed by teachers unions.
D. have had students perform much worse than equally-situated students in public schools.
Answer: B
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There is a proverb "anything worth doing is worth doing well." Do you think an economist would agree with this proverb?
What will be an ideal response?
The distinguishing feature of a well-functioning financial market is the
A) continual increase in the liquidity of most assets. B) continual reduction in the riskiness of most assets. C) increased ease of converting common stocks into bonds. D) incorporation of available information into asset prices.
The Fed and Treasury took action to restore the flow of funds from savers to borrowers in order to encourage all of the following EXCEPT:
A) increase the return to savers B) enable households to purchase durable goods C) increase the likelihood of purchases of houses D) allow firms to finance purchases of structures and equipment
Low cost strategies are usually found in industries where
a. Products are not particularly differentiated b. Price competition tends to be fierce c. Both a and b d. None of the above