School vouchers are
A. provided by the government.
B. provided by private organizations.
C. public funds to be used for private tuition.
D. all of these answer options are correct.
D. all of these answer options are correct.
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The World Bank sorts countries into the following three major groups:
a. high-income economies, middle-income economies, low-spending economies b. high-spending economies, middle-spending economies, low-spending economies c. super-high-income economies, middle-income economies, low-income economies d. high-income economies, middle-income economies, zero-income economies e. high-income economies, middle-income economies, low-income economies
The spending multiplier tells us the:
A. amount by which GDP increases when spending increases by $1. B. amount by which GDP decreases when spending on capital goods increases by $1. C. fraction of each dollar that will decreases GDP of each dollar spent. D. amount by which spending increases when GDP increases by $1.
An increase in the supply of a good will cause
a. a decrease in equilibrium price and an increase in equilibrium quantity. b. an increase in equilibrium price and quantity. c. an increase in equilibrium price and a decrease in equilibrium quantity. d. a decrease in equilibrium price and quantity.
The Cobb-Douglas production function is:
A. Q = aK + bL. B. Q = min{bK, cL}. C. Q = KaLb. D. Q = max{bK, cL}.