Which of the Following Are Reasons for the Increased Centralization

question 46

Multiple Choice

Which of the following are reasons for the increased centralization in school financing?

• A)The existence of diseconomies of scale in education.
• B)A desire by state education agencies to decentralize control.
• C)A desire to equalize funding across school districts.
• D)Increasing positive externalities from education as globalization increases.

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Definitions:

Marginal Utility

The supplementary value or usefulness experienced from consuming one more unit of a good or service.

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the actual price they pay, symbolizing the advantage to consumers.

Marginal Utility

The increased contentment or value derived from the consumption of an extra unit of a good or service.

Total Utility

The aggregate level of satisfaction or fulfillment a consumer receives through the consumption of a specific quantity of goods and services.