The System of Financing Schools Has Been Wholly Reformed Since

question 40

Multiple Choice

The system of financing schools has been wholly reformed since the 1950s,with school districts

• A)relying more on funds from local revenue sources.
• B)relying largely on federal revenue sources.
• C)relying less on local revenue sources and more on state revenue sources.
• D)spending,on average,55 percent of their annual budgets on pre-school education.

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Definitions:

Deflationary

Pertains to a period when the general price levels in an economy are falling, which can increase the real value of money.

Tariffs

Taxes imposed by a government on imported goods, often used to protect domestic industries and regulate trade balances.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.

Absolute Advantage

The ability of a country, individual, or firm to produce more of a good or service with the same amount of resources compared to others.