Thomas Jefferson's Bill for the More General Diffusion of Knowledge

question 25

Multiple Choice

Thomas Jefferson's Bill for the More General Diffusion of Knowledge is an important benchmark in the history of public education because it

• A)was the first legislative attempt by a state to take over schools and use them for social, political, and economic purposes.
• B)represents the first time a national leader took the initiative to create a national system of public education.
• C)marked a transition in the broad purpose of schooling from religious instruction, as had existed in the colonial period, to public schools based on the needs of a democratic society.
• D)challenged the ability of the federal government to intervene in the affairs of public schools.

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Definitions:

Real Rate Of Return

The annual percentage gain or loss on an investment, adjusted for inflation, providing a more accurate measure of the purchasing power of the return.

Risk Premium

The risk premium is the additional return an investor requires for choosing a risky investment over a risk-free asset, compensating for the extra risk undertaken.

Arithmetic Average Return

The simple average of a series of returns generated over a period of time.

Variance

A statistical measurement of the dispersion of returns for a given security or market index, indicating volatility.