In Several Cities Around the Country, Schools Are Paying Cash

question 230

Multiple Choice

In several cities around the country, schools are paying cash awards to students who do well on English and Math tests. This practice highlights the idea of:

• A) pedagogical economics-the continuous assessment of student performance in an effort to maximize student efficiency.
• B) hidden costs-the costs borne by taxpayers in the form of wasteful school spending.
• C) incentives-the rewards and penalties that motivate behavior.
• D) screening theory-the identification of individuals or groups based on various performance measures.

Understand the concept of profit maximization and its application in different market structures.

Analyze the determinants of industry supply curves and their adjustments in long-run equilibrium.

Calculate and interpret the effects of taxes, subsidies, and government interventions on market equilibrium and prices.

Grasp the impact of cost structures and production functions on firm and industry supply in competitive markets.

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Definitions:

Whaling Attacks

Sophisticated phishing schemes that target high-profile individuals within organizations, like executives, to gain access to sensitive data.

Financial Institutions

Organizations that conduct financial transactions such as investments, loans, and deposits.

Blacklisted

Being placed on a list that denotes disapproval or prohibition, often preventing transactions or access due to violations or distrust.

Whitelisted

Added to a list that grants permission or access, typically used in security to designate approved entities.