Though There Is No Tuition to Public Elementary and Secondary

question 50

Multiple Choice

Though there is no tuition to public elementary and secondary schools, economists do not say that it is free because

• A)parents have to buy pencils and paper.
• B)taxpayers pick up the tab for considerable costs of education.
• C)parents have to help their kids learn.
• D)teachers do not love to teach bad students.

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Definitions:

Imposter

A person who deceives others by pretending to be someone else for personal or financial gain.

Obligor

A person or entity legally bound to provide a payment, service, or other benefit to another (the obligee) under the terms of a contract or legal agreement.

Negotiable Instrument

A formal written notice ensuring a particular sum of money will be paid, either immediately when asked or at a certain date, with the document specifying who is to pay.

Promissory Note

A written, legally binding document in which one party promises to pay another a specific sum of money, either on demand or at a defined future date.