In Several Cities Around the Country, Schools Are Paying Cash

question 66

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.

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Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

Financial Lease

A type of lease wherein the lessee has possession and control of an asset during its significant life but does not own the asset, effectively treating it as a loan with asset as collateral.

CRA

In the context of Canadian taxation, CRA stands for Canada Revenue Agency, the federal agency responsible for tax collection and enforcement.

Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset.