Briefly explain why government subsidies are a reason for the declining student performance in public education
What will be an ideal response?
This is due to the incentive problems of government subsidies in public education. Many public schools may face little or no competition from unsubsidized education providers, and they may provide subsidized services but contribute little to student learning.
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Real GDP means GDP:
a. valued at prices in a base year. b. that does not change from year to year. c. corrected for changes in quality. d. valued at prices at which goods are actually sold.
In which case can we be sure aggregate demand shifts left overall?
a. people want to save more for retirement and the Fed increases the money supply. b. people want to save more for retirement and the Fed decreases the money supply. c. people want to save less for retirement and the Fed increases the money supply. d. people want to save less for retirement and the Fed decreases the money supply.
Potential output of the country when viewed over long periods of time:
A. tends to rise over time. B. is surprisingly constant. C. always decreases. D. rises in spurts and then starts a downward trend that can last years.
The economy is:
A. complex, and it operates under uncertain rules. B. complex, though it operates under clear rules. C. simple, and it operates under clear rules. D. simple, though it operates under uncertain rules.