If Elementary and Secondary Schooling Were Produced Entirely by Private

question 484

Multiple Choice

If elementary and secondary schooling were produced entirely by private firms and purchased by parents with their own money,

• A) parents would have a strong incentive to search out those schools offering their children the best education at the best value.
• B) schools would better cater to the desires of parents and supply education more efficiently.
• C) schools would face much stronger competition from one another that would tend to increase the quality of schooling.
• D) all of the above would occur.

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Definitions:

Tax Shelters

Tax Shelters are investment options or financial strategies used to minimize or avoid taxes, taking advantage of legal provisions to reduce tax liabilities.

Roth Retirement Plan

A retirement savings plan allowing a person to contribute after-tax income, with withdrawals being tax-free under certain conditions.

Tax Withdrawals

Payments or deductions from earnings or income which are removed by the government as taxation.

Income Tax Code

The body of laws and regulations that govern how individuals, corporations, and other entities are taxed on their income.