Deck 13: Education

Question 1

Increases in spending on education will lead to an increase in student performance.

A)True
B)False
C)Uncertain

Answer 1

Uncertain

Question 2

The goal of education policy is to:

A)Provide the best education facilities
B)Improve students' academic performance
C)Maximize the profitability of universities
D)Reduce student tuition

Answer 2

Improve students' academic performance

Question 3

government has the most prominent role in post-secondary education funding and control.

A)Provincial
B)Student
C)Federal
D)Local

Answer 3

Provincial

Question 4

The federal government has in funding elementary and secondary education.

A)a minor role
B)no role
C)the only role
D)a major role

Question 5

Moving children to private schools might reduce the of public education.

A)pure public goods aspect
B)size of library holdings
C)positive externalities
D)size of teachers' unions influence

Question 6

The federal government subsidizes higher education

A)about the same as primary and secondary education.
B)because it does not subsidize primary and secondary education.
C)less than primary and secondary education.
D)more than primary and secondary education.

Question 7

Local governments are involved in funding post-secondary education.

A)True
B)False
C)Uncertain

Question 8

Wealth neutrality is a situation where the quality of education is not affected by income levels.

A)True
B)False
C)Uncertain

Question 9

A person's education _.

A)generates positive externalities
B)does not generate externalities
C)does not generate positive externalities
D)generates negative externalities

Question 10

Standardized tests are criticized for creating detrimental effects from focusing too much on the tests.

A)True
B)False
C)Uncertain

Question 11

Financial constraints explain much of the gap in post-secondary attendance rates at the lower end of the income distribution.

A)True
B)False
C)Uncertain

Question 12

is the investment that individuals make in education, training, and health care that raise their productive capacity.

A)Private good production
B)Capital market
C)Human engineering
D)Human capital

Question 13

Post-secondary education is a federal responsibility.

A)True
B)False
C)Uncertain

Question 14

Publicly provided education is generally considered

A)not to be a public good, and it generates positive externalities.
B)a public good, and it generates positive externalities.
C)a public good, and it generates negative externalities.
D)not to be a public good, and it generates negative externalities.

Question 15

had the highest post-secondary expenditures per student in 2012.

A)Alberta
B)Newfoundland and Labrador
C)Quebec
D)Ontario

Question 16

Local governments raise money for elementary and secondary education primarily through _.

A)property tax
B)consumption tax
C)silent auctions
D)donations

Question 17

Which of the following possible justifications for government involvement in education is information-related?

A)insufficient information.
B)innate ability.
C)imperfect capital markets for loans.
D)all of these answers are correct.

Question 18

had the highest public expenditures per elementary/secondary student in 2010-11.

A)Ontario
B)Quebec
C)British Columbia
D)Alberta

Question 19

A criticism of market-oriented schemes in education says that consumers may not be well informed.

A)True
B)False
C)Uncertain

Question 20

High productivity individuals do not need to invest in education because they are more productive.

A)True
B)False
C)Uncertain

Question 21

Do you believe that class size reductions will help student performance?

Question 22

Does more spending on education actually lead to better education?

Question 23

Standardized tests do not receive universal acceptance as being helpful in making schools more accountable. Discuss why.

Question 24

had the lowest public expenditures per elementary/secondary student in 2010-11.

A)British Columbia
B)Ontario
C)Alberta
D)Quebec

Question 25

Education is one of the least important public expenditure items.

A)True
B)False
C)Uncertain

Question 26

What are some of the economic arguments for and against government intervention in the market for student loans?

Question 27

Reducing class size will

A)improve student test scores.
B)have no impact on student test scores.
C)decrease student test scores.
D)have an undetermined impact on test scores.

Question 28

The social rate of return on education reflects the

A)number of courses taken during studies.
B)net benefit of education.
C)income gains to the individual net of private resource costs.
D)private and external benefits and costs.

Question 29

had the lowest post-secondary expenditures per student in 2012.

A)Ontario
B)British Columbia
C)Quebec
D)Alberta

Question 30

Commodity egalitarianism suggests that some goods, like education, be available to everyone.

A)True
B)False
C)Uncertain

Question 31

Refer to the figure below. Calculate the additional cost and benefit of moving from E1 to E*, and the net gain in welfare.

Question 32

Some economists believe that public schools would improve if they were subjected to competition. Discuss the pros and cons of this idea.