School Voucher Programs

question 188

Multiple Choice

School voucher programs

• A) make it possible for a broader range of consumers to obtain education more consistent with their preferences.
• B) are strongly supported by teachers unions because they increase the demand for and earnings of quality teachers.
• C) are strongly opposed by parents because they are pretty much satisfied with the quality of the schools currently available.
• D) reduce the educational options available to students and parents.

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Definitions:

Annual Membership

A subscription or fee paid once a year to belong to a club, organization, or service, granting the member certain privileges, services, or access.

Crowded

A situation where a location or market is overly saturated with participants, leading to increased competition or decreased comfort.

Behavioral Economics

A field of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions of individuals and institutions.

Marginal Benefit

The incremental benefit or enjoyment a consumer receives by using one more unit of a good or service.