If an Educational Voucher System Were Adopted Where Parents Could

question 42

Multiple Choice

If an educational voucher system were adopted where parents could spend their share of education tax dollars at any school of their choice, then we could expect families to

• A)Choose less education than before because the public schools would get better
• B)Choose more education because they do not need to pay double for private education
• C)Make no changes in their education choices because the relative price of private and public education has not changed
• D)Make choices that can not be predicted by economic theory

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Definitions:

Equality

In financial terms, refers to the state where two values, amounts, or figures are of the same value or balance each other out.

One-Column Purchases Journal

A simplified accounting ledger that records only the purchases of goods and services in a single column, typically for small businesses or specific types of transactions.

General Ledger

The primary accounting record of a company that contains all the account balances needed to prepare financial statements.

Accounts Payable

Liabilities owed by a business to its suppliers or vendors for goods and services received but not yet paid for.