The Elementary and Secondary Education Act (ESEA)

question 26

Multiple Choice

The Elementary and Secondary Education Act (ESEA)

• A)cut federal funding for school districts that performed poorly on the Department of Education's measures of student success.
• B)guaranteed that 10 percent of all federal revenue would be spent each year on elementary and secondary education.
• C)required that all school districts devote at least 200 hours of instruction to students each year using federally approved curriculum.
• D)offered federal aid for education by allocating funds to school districts with substantial numbers of children from unemployed or low-income families.

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Definitions:

Marginal Cost

The rise in expense associated with the production of an extra unit of a product or service.

Benefits To Consumers

Refers to the advantages or improvements in well-being and satisfaction that consumers experience from purchasing and using goods and services.

Externalities

Monetary consequences that reach beyond the primary parties, impacting others positively or negatively.

Tax

An essential fiscal demand or variant form of duty exacted from a taxpayer by a governmental institution, intended to sustain government expenditure and miscellaneous public financial requirements.