Why Did the Idea of Universal Free Schooling Take Hold

question 33

Multiple Choice

Why did the idea of universal free schooling take hold during the last three decades of the nineteenth century?

• A) Business and civic leaders realized that the welfare of society depended on an educated population.
• B) The European system of free education was seen as the most effective model.
• C) Education was considered a worthy investment for surplus municipal tax revenue.
• D) Immigrants were unable to afford to pay for schooling.

---

Definitions:

Variable Costs

Variable Costs are expenses that vary directly with the level of production or business activity.

Sensitivity Analysis

A technique used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Break-even Point

The financial point at which total costs equal total revenue, meaning that the business is neither making a profit nor a loss.

Cost-volume-profit Analysis

An accounting technique used to determine how changes in costs and volume affect a company's operating income and net income.