-Over the Past 50 Years, There Has Been an Increase

question 356

Multiple Choice

-Over the past 50 years, there has been an increase in spending on public education without a noticeable improvement in student performance. One explanation given by economists on why student performance has not improved is that

• A) not enough funds have been spent on public education.
• B) schools are providing high-priced services that are not valued by parents.
• C) the quantity of educational services has not increased beyond the pre-subsidy equilibrium.
• D) too much competition for educational services.

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Definitions:

Operating Information

The information that is needed on a day-to-day basis in order for a company to conduct business.

Day-To-Day Basis

Refers to the routine or daily activities and tasks that are performed regularly.

Cost Ratio Formula

A mathematical formula used to determine the costs associated with producing goods or services in relation to the revenue they generate.

Total Expenses

The sum of all expenditures incurred by an individual or organization, including operational, capital, and other miscellaneous costs.