The Incentive of Schools to Provide a High Quality Education

question 72

Multiple Choice

The incentive of schools to provide a high quality education at a low cost and the incentive of parents and students to shop around for the best schools will be weakest when education is produced

• A) privately but paid for by taxpayers and provided free of charge.
• B) by public schools and the cost of education is covered by taxes.
• C) privately and parents must purchase it with their own money.
• D) by public schools and parents purchase it with their own money.

Understand the consequences of excessive groundwater withdrawal and management strategies for water scarcity.

Understand the different scales used to measure earthquakes.

Identify secondary effects of earthquakes.

Recognize the direct causes of earthquakes.

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Definitions:

Deficiency Judgment

A judgment against a debtor for the amount of a debt remaining unpaid after collateral has been repossessed and sold.

Floating Lien

A type of security interest or lien that attaches to assets that are subject to change in quantity and value.

Security Interest

A legal claim or right granted to a creditor or lender over the borrower's assets as a form of security for the repayment of a loan.

Collateral

Collateral is an asset or property that a borrower offers to a lender as security for a loan, which can be seized by the lender if the loan is not repaid according to the agreement.