Suppose a State Institutes a Voucher Program

question 12

Multiple Choice

Suppose a state institutes a voucher program.Schools that have too many applicants use a lottery to randomly determine who can attend.The best approach to determining the effect of a voucher on student achievement is to compare the achievement of students ___________ to the achievement(s) of __________.

• A) who won the lottery; the average student in the public school
• B) in private schools; students in public schools.
• C) who won the lottery; students who lost the lottery
• D) in schools with increased enrollment; students in schools with decreased enrollment

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Definitions:

Effective Annual Rate

The annual rate of interest that accounts for compounding over the year, providing a true reflection of the financial product's yield.

Rate of Return

The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.

Cash Flows

The total amount of money being transferred into and out of a business, affecting its liquidity.

Lump Sum

A single payment made at a particular time, as opposed to a series of payments made over time.