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:

Assets

Resources owned by a business that are expected to provide future economic benefits.

Owner's Equity

Owner's equity represents the residual interest in the assets of an entity after deducting liabilities, essentially the net worth of a company.

Withdrawal

The act of taking money out of an account, or the removal of funds from a partnership by a partner for personal use.

Revenues

The full extent of revenue garnered from the commercial activities that are at the core of a company’s operational agenda, particularly through goods or services.