ECO 405 Week 5 Quiz

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    ECO 405 Week 5 Quiz Strayer

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    Week 5 Quiz 4 Cha$ter ,

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    #ulti$le Choice Questions

    1. According To The Census Bureau, High School Graduates Can Expect To EarnHow Much During Their or!ing "ears#A. $%&,'''B. $1.( MC. $(.1 MD. $(.& ME. $%.% M

    (. According To The Census Bureau, A College Education Adds How Much ToEarnings )*er A +ersons or!-i/e#A. 0earl $12B. $(.1 MC. $(.&2D. $%.% ME. )*er $& M

    3. According To The Census Bureau, So2eone ith A +ro/essional Degree Can EarnApproxi2atel How Much During A Tpical or!-i/e#A. $1 MB. $1.( MC. $(.& MD. $%.% ME. )*er $&2

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    %. here Did 4.S. Eighth Grade Students 5an! 6nternationall 6n Ter2s )/ A*erageMath Scores 6n (''7#A. At The TopB. SecondC. 0ear The Middle

    D. 0ext To The Botto2E. At The Botto2

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    &. here Did 4.S. Eighth Grade Students 5an! 6nternationall 6n Ter2s )/ A*erageScience Scores 6n (''7#A. At The TopB. Second

    C. 6n The MiddleD. 6n The Botto2 Hal/E. At Botto2

    8. hich )/ The 9ollowing 6s An 62portant Di//erence Between The 4nited StatesAnd )ther Countries 6n Ter2s )/ Their :-1( Education Sste2#A. The 4nited States Spends ess )n Education +er +upil Than Most )ther CountriesB. The 4nited States Spends A Higher +ercentage )/ 6ts Gdp )n Education Than

    )ther CountriesC. The 4nited States Has A Shorter School "ear Than Most )ther CountriesD. The 4nited States Has A +urel +ri*ate Mar!et 9or EducationE. All )/ The A;o*e

    7. A;out How Much Does The 4nited States Spend )n Education, +er +upil#A. $8,'''B. $7,'''C. $

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    1'. hich )/ The 9ollowing 6s )/ The 4.S. :-1( Education Sste2 5elati*e ToThe :-1( Education Sste2 )/ )ther De*eloped Countries#A. 6t Has ower Expenditures +er +upil And ower Achie*e2entB. 6t Has ower Expenditures +er +upil And Higher Achie*e2ent

    C. 6t Has Higher Expenditures +er +upil And ower Achie*e2entD. 6t Has Higher Expenditures +er +upil And Higher Achie*e2entE. 6t Has E>ui*alent Expenditures +er +upil And Achie*e2ent

    11. 6n (''3, Approxi2atel hat +ercent )/ School Aged Children Attended +u;licSchools#A. ='?B. 7&?

    C. &'?D. (&?E. 1'?

    @uestions 1( - 17 5e/er To The Graph Below.

    1(. hat Assu2ption 6s Shown B The 9act That Mpc Msc )n The Graph#A. This Graph 6s 9or +u;lic EducationB. There Are 0o +ositi*e Externalities Associated ith EducationC. Education Has +ositi*e Spillo*er Bene/its 9or SocietD. The Mar!et ill +roduce The Sociall )pti2al @uantit )/ EducationE. This Graph 6llustrates A +ri*ate Mar!et 9or Education

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    13. hat 6s This 9a2ils illingness To +a 9or A 9irst "ear )/ Education#A. $'B. $%,'''C. $8,'''D. $

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    17. hich )/ The 9ollowing 6s 9or The 18th "ear )/ Education#A. Mp; MpcB. Mp; MpcC. Ms; Msc

    D. Ms; MscE. Mp; Ms;

    @uestions 1< - (3 5e/er To The Graph Below.

    1

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    ('. The Sociall )pti2al e*el )/ EducationA. 6s ' "earsB. 6s 1 "earC. 6s E1"ears

    D. 6s E "ears.E. Cannot Be Deter2ined 9ro2 The Diagra2.

    (1. 9or hich "ear )/ Education 6s The 9a2ils Mp; Mpc#A. ' "earsB. 1 "earC. E1"earsD. E "ears

    E. 0one )/ The A;o*e

    ((. The Slope )/ The Suppl Cur*e 6ndicates That TheA. Marginal Cost )/ A "ear )/ Education 6s ConstantB. Marginal Bene/it )/ An Additional "ear )/ Education 6ncreasesC. Marginal Bene/it )/ An Additional "ear )/ Education 6s ConstantD. Marginal Bene/it )/ An Additional "ear )/ Education 6ncreasesE. Cost )/ Education 6s Su;sidied B The +u;lic

    (3. 6n The Diagra2, The E>uili;riu2 e*el )/ Education 6sA. ' "earsB. 1 "earC. E1"earsD. E "earsE. Between E1And E "ears

    (%. hat Happens To The Marginal Bene/it )/ Education As A Child Gets MoreSchooling# 6t illA. 6ncreaseB. DecreaseC. Sta The Sa2eD. Beco2e 6n/initeE. Beco2e 0egati*e

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    (&. hich )/ The 9ollowing 6s A Bene/it )/ 6ncreased Education#A. 62pro*ed iteracB. 6ncreased EarningsC. 62pro*ed HealthD. Greater Satis/action

    E. All )/ The A;o*e

    (8. A 9a2ils De2and 9or Education 9or A Child 5e/lects The 9a2ilsA. 6nco2eB. +re/erences 9or EducationC. Mp; 5ecei*ed 9ro2 The EducationD. )pportunit Cost )/ TuitionE. All )/ The A;o*e

    (7. hich )/ The 9ollowing Happens As Tuition 6ncreases#A. The De2and 9or Education 6ncreasesB. The De2and 9or Education DecreasesC. The Suppl )/ Education 6ncreasesD. The "ears )/ Education De2anded 9allE. The Cost )/ Education 6ncreases

    (uili;riu2 TuitionC. Decrease The E>uili;riu2 @uantit )/ EducationD. 6ncrease The E>uili;riu2 @uantit )/ EducationE. Shi/t The De2and Cur*e 9or Education To The e/t

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    3'. A Decrease 6n The Cost )/ Education illA. 6ncrease The Suppl )/ EducationB. 6ncrease The E>uili;riu2 TuitionC. Decrease The E>uili;riu2 @uantit )/ EducationD. 6ncrease The E>uili;riu2 @uantit )/ Education

    E. Shi/t The De2and Cur*e 9or Education To The e/t

    31. hich )/ The 9ollowing ill Decrease The E>uili;riu2 @uantit )/ Education6n A Mar!et#A. An 6ncrease 6n The De2and 9or EducationB. A Decrease 6n The De2and 9or EducationC. A Decrease 6n +roduction CostsD. An 6ncrease 6n The Suppl )/ EducationE. 0one )/ The A;o*e

    3(. An 6ncrease 6n 9a2il 6nco2e illA. 6ncrease The De2and 9or EducationB. Decrease The De2and 9or EducationC. 6ncrease The @uantit )/ Education SuppliedD. 6ncrease The @uantit )/ Education De2andedE. Decrease The E>uili;riu2 e*el )/ Tuition

    33. An 6ncrease 6n The Marginal Bene/it )/ Education ill Cause hich )/ The9ollowing#A. The De2and Cur*e 9or Education Shi/ts 5ightB. The De2and Cur*e 9or Education Shi/ts e/tC. The Suppl Cur*e 9or Education Shi/ts 5ightD. The Suppl Cur*e 9or Education Shi/ts e/tE. The E>uili;riu2 0u2;er )/ "ears )/ Education ill Decrease

    3%. The Creation )/ 0ew earning Technologies ill Cause hich )/ The9ollowing To Decrease#A. The De2and 9or EducationB. The Suppl )/ EducationC. The Cost )/ EducationD. The E>uili;riu2 @uantit )/ EducationE. The 0u2;er )/ Children 6n School

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    3&. 6/ The Earnings Expected 9ro2 A College Education 6ncrease, 6t ill ead To An6ncrease 6nA. The De2and 9or :-1( EducationB. The Suppl )/ :-1( Education

    C. The Cost )/ EducationD. The Teacher SalariesE. All )/ The A;o*e

    38. Education 6s Said To Be hich )/ The 9ollowing#A. 6ndi*iduall Consu2edB. 6ndi*iduall +roducedC. A Se2i-+ri*ate Good

    D. A +ri*ate GoodE. A +u;lic Good

    37. 6 Bene/it Because "ou Beco2e More Educated. This 6s An Exa2ple )/ AA. 0egati*e Externalit 6n Consu2ptionB. Spillo*er CostC. +ositi*e Externalit 6n +roductionD. +ositi*e Externalit 6n Consu2ptionE. 0egati*e Externalit 6n +roduction

    3

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    %'. Students earn A;out Health And 0utrition 6n School. This +ro*ides AA. +ositi*e Externalit 6n +roductionB. +ositi*e Externalit 6n Consu2ptionC. 0egati*e Externalit 6n +roductionD. 0egati*e Externalit 6n Consu2ption

    E. Cost To Societ

    %1. Marginal Social Bene/its E>ualA. Mp; F Spillo*er Bene/itsB. Mp; - Spillo*er Bene/itsC. MpcsD. Total Bene/its F +ositi*e Externalities 6n Consu2ptionE. 0one )/ The A;o*e

    %(. ith +ositi*e Externalities 6n Consu2ption, The Mar!et E>uili;riu2 @uantitill BeA. Greater Than Sociall )pti2alB. ess Than Sociall )pti2alC. E>ual To The Sociall )pti2al e*elD. Higher Than )therwiseE. 0one )/ The A;o*e

    %3. Educated Citiens Are More i!el To Be 6n/or2ed oters. This 6s An Exa2ple)/ AA. +ositi*e Externalit 6n +roductionB. +ositi*e Externalit 6n Consu2ptionC. 0egati*e Externalit 6n +roductionD. 0egati*e Externalit 6n Consu2ptionE. Cost To Societ.

    %%. To Be Sociall )pti2al, Education Should Be +ro*ided To The +oint hereA. Mp; MpcB. Mp; MscC. Ms; MpcD. Ms; MscE. Mp; Ms;

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    %&. The Existence )/ Spillo*er Bene/its 5esults 6n An E>uili;riu2 @uantit 6n TheMar!et That 6s Sociall )pti2al.A. Higher ThanB. ower Than

    C. E>ual ToD. Better ThanE. More Expansi*e Than

    %8. The Argu2ent 9or Go*ern2ent +ro*ision )/ Education Hinges )n The Existence)/A. Spillo*er Costs.B. Spillo*er Bene/its.

    C. oucher +rogra2s.D. 0egati*e Externalities 6n +roduction.E. 0egati*e Externalities 6n Consu2ption

    @uestions %7 - &' 5e/er To The Graph Below.

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    %7. The Sociall )pti2al "ears )/ Education 6sA. 1B. Between 1 And 11C. 11D. 1(

    E. 18

    %uili;riu2 0u2;er )/ "ears )/ Education The Mar!et ill+ro*ide#A. 'B. 1C. 11D. 1(E. 18

    %=. hich )/ The 9ollowing Go*ern2ent Actions ill Mo*e The Mar!etE>uili;riu2 To The Sociall )pti2al 0u2;er )/ "ears )/ Education#A. A Tax )n Education E>ual To $1,'''B. A Tax )n Education E>ual To $3,'''C. A Tuition Su;sid E>ual To $1,'''D. A Tuition Su;sid E>ual To $3,'''E. Go*ern2ent +ro*ision )/ All Education

    &'. A Tuition Su;sid )/ $8,''' ould ead ToA. The Sociall )pti2al @uantit )/ EducationB. Greater Than The Sociall )pti2al @uantit )/ EducationC. ess Than The Sociall )pti2al @uantit )/ EducationD. More +u;lic EducationE. A Budget Surplus

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    @uestions &1 - &% 5e/er To The Graph Below.

    &1. The Sociall )pti2al e*el )/ Education 6sA. 'B. Between ' And E1C. E1D. E(E. E3

    &(. The Mar!et E>uili;riu2 e*el )/ Education 6sA. 'B. Between ' And E1C. E1

    D. E(E. E3

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    &3. A Tuition Su;sid E>ual To How Much ill Mo*e The Mar!et To The Sociall)pti2al e*el )/ Education#A. T3- T(B. T(- T1

    C. T3- T1D. T1E. T(

    &%. A Tuition Su;sid E>ual To T3 ould 5esult 6n hich )/ The 9ollowing#A. The Sociall )pti2al @uantit )/ EducationB. Greater Than The Sociall )pti2al @uantit )/ EducationC. ess Than The Sociall )pti2al @uantit )/ Education

    D. More +u;lic EducationE. A Budget Surplus

    &&. Greater Segregation Along 5acial ines 6s A i!el 5esult )/A. +urel +ri*ate :-1( EducationB. 0o +u;lic :-1( EducationC. oucher +rogra2sD. Tuition Su;sidiesE. All )/ The A;o*e

    &8. A +urel +ri*ate :-1( Sste2 ill ead ToA. ower +ri*ate CostsB. 6ncreased +u;lic CostsC. Decreased 5acial SegregationD. 6ncreased 6ne>ualitE. Greater Social Bene/its

    &7. 6n A +urel +ri*ate :-1( Education Sste2, Spaces ould Be Allocated Based)nA. A;ilitB. E>uitC. 6nco2eD. Geographic BoundariesE. 0one )/ The A;o*e

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    &uitC. 6nco2e

    D. Geographic BoundariesE. 0one )/ The A;o*e

    &=. A +rogra2 To +ro*ide +u;lic 9unding 9or Students 6n +oor +er/or2ing +u;licSchools To Attend )ther Schools 6s :nown AsA. A oucher +rogra2B. A Charter SchoolC. A Tuition Tax

    D. A el/are +rogra2E. +ri*atiation

    8'. The Current :-1( Education Sste2 Can Be Descri;ed AsA. +ri*ateB. CentraliedC. DecentraliedD. State )wnedE. 0one )/ The A;o*e

    81. Centralied +lanning eads To hich )/ The 9ollowing#A. i2ited Consu2er ChoiceB. Decreased @ualitC. 6ncreased +ricesD. ac! )/ 5esponsi*enessE. All )/ The A;o*e

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    8(. Schools 6n hich +arents )r )ther Groups ere +er2itted To Create A 0ewSchool ith State 9unding And ere Gi*en Control )*er )perations Are :nown AsA. +ri*ate SchoolsB. oucher Schools

    C. Magnet SchoolsD. Experi2ental SchoolsE. Charter Schools

    83. The E2pirical E*idence )/ The E//ecti*eness )/ oucher +rogra2s 6s BestDescri;ed AsA. +ositi*eB. 0egati*e

    C. 6nconsistentD. Su;stantialE. 0onexistent

    8%. hich )/ The 9ollowing 6s An Argu2ent Against oucher +rogra2s#A. Crea2 S!i22ingB. 5educed Social SegregationC. Decreased E//iciencD. 6ncreased Special Education

    E. All )/ The A;o*e

    8&. The Crea2 S!i22ing Argu2ent Sas That The Students ho Choose A oucher+rogra2 ill BeA. Higher 6nco2eB. ower 6nco2eC. Higher Achie*ingD. 0on-Minorit

    E. 0one )/ The A;o*e

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    88. +oor Students Are ess i!el To +articipate 6n oucher +rogra2s Because )/A. ess 6n/or2ationB. Higher Transportation CostsC. 9ewer 9inancial 5esourcesD. A ea!er Tradition )/ Education

    E. All )/ The A;o*e

    87. +ri*ate School Cost +er +upil 6s ower Because )/A. 9und 5aisingB. +ri*ate Contri;utionsC. Student 9eesD. olunteer a;orE. All )/ The A;o*e

    8

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    71. +u;lic Schools Must +a 9or hich )/ The 9ollowing Expenses That +ri*ateSchools Do 0ot#A. TransportationB. 9oodC. Special Education

    D. All )/ The A;o*eE. 0one )/ The A;o*e

    7(. A 5eduction 6n Class Sie Should Be 4nderta!en As ong As The MarginalBene/it )/ The Decrease 6sA. +ositi*eB. 0egati*eC. Greater Than The Marginal CostD. ess Than The Marginal CostE. 6ncreasing

    73. Decreasing A*erage Class Sie ithout Changing Teacher +a eads ToA. ower @ualit TeachersB. A Surplus )/ TeachersC. ower Costs +er +upilD. 6ncreased SegregationE. All )/ The A;o*e

    7%. hich )/ The 9ollowing State2ents Does 0ot Eno idespread Agree2ent#A. Achie*e2ent +er Dollar 6n 4.S. Education 6s Too owB. 5e/or2 )/ The 4.S. Education Sste2 6s 0ecessar To Maintain High e*elHu2an CapitalC. S2aller Class Sies Can 62pro*e Student +er/or2anceD. oucher +rogra2s Are The Most E//ecti*e a To 62pro*e The 4.S. EducationSste2E. 6ncreased Teacher +a 6ncreases Teacher @ualit

    7&. Education Could Be Considered A Se2i-+ri*ate Good, SinceA. There Are Spillo*er Bene/its To )ther Me2;ers )/ Societ 5esulting 9ro2 TheEducation )/ A ChildB. Education )/ The +opulation 62pro*es E*erones i*es Since 6t 5esults 6nGreater +roducti*it And 6nco2e 9or All Me2;ers )/ SocietC. There Are Bene/its To Societ 9ro2 Education, Since 6t 5educes The Cri2e 5ateD. Education +roduces +ositi*e Externalities To SocietE. All )/ The A;o*e

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    78. 6/ Go*ern2ent ishes To 6ncrease The @uantit )/ Higher Education Consu2ed,hat Can Be Done To Acco2plish This#A. Charge Tuition That 6s Below The 9ull Costs )/ +ro*iding The EducationalSer*ices

    B. )perate +u;lic CollegesC. +ro*ide 5educed Tuition To StudentsD. An )/ The A;o*e Alternati*es ould 6ncrease The Consu2ption )/ EducationE. The Go*ern2ent Should 0ot Atte2pt To 6ncrease Education, Since 6t 6s A +ri*ateGood

    77. Studies )/ oucher +rogra2s 6ndicate That The E//ects )/ ouchers )n StudentAchie*e2ent

    A. Are S2all But Ha*e 0egati*e 62pact )n Student +er/or2anceB. Are 5ecei*ed +ri2aril B A/rican-A2erican And Econo2icall Disad*antagedChildrenC. Ha*e "et To Be Exa2ined 6n arge-Scale +rogra2sD. Both B And CE. 0one )/ The A;o*e

    7

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    =

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    1'8. A Signi/icant +ositi*e Externalit )/ Education ould Support The Argu2entAgainst +u;lic Education.

    1'7. +u;lic :-1( Education 9acilitates E>ual )pportunit.

    1'

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    11&. The Costs )/ +ri*ate Schools Are Greater Than Their Tuition.

    118. +ri*ate Schools Must +a So2e Tpes )/ Costs That +u;lic Schools Do 0ot.

    117. Econo2ists Agree That oucher +rogra2s 62pro*e :-1( Education.

    11

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    1(%. The )pportunit Cost )/ Beco2ing A Teacher 6s The Salar )/ Si2ilarlTrained +ro/essionals.

    1(&. 6ncreased Spending )n :-1( Education 6s Certain To Be Cost-E//ecti*e.

    1(8. The 4nited States :-1( Education Sste2 Has An E//icient e*el )/Achie*e2ent +er Dollar Spent.

    1(7. 6ncreased Co2petition 6n :-1( Education Can ead To An 62pro*ed EducationSste2.

    1(