Problems with public education lay in the fact

Assignment Help Business Economics
Reference no: EM131164583

1. Friedman thought that problems with public education lay in the fact that:

larger schools had more resources to spend on students than small schools.

public schools were funded by tax-payer’s money and instead should be completely private.

public schools had little choice in determining the curriculum that is taught.

parents in a certain school district had little or no freedom to choose the school that they wanted to enroll their children in.

consolidation of school districts reduced the number of schools for children to attend.

2. Friedman believed that the solution to higher education was different than public education because higher education differs from public education in the fact that:

public schools were for children and higher education was for adults.

courses in higher education are more difficult than public school courses.

public schools are state funded and higher education was federally funded.

that on average, enrollment in higher education was much greater than enrollment in public schools.

no one is required by law to attend college.

3. Friedman’s view of who protects the consumer is:

The U.S.D.A.

The F.D.A.

The I.C.C.

The consumer themselves.

The E.P.A.

Reference no: EM131164583

Questions Cloud

Consumers of good and demand for good : Individuals A and B are the only consumers of good X. Individual A demand for good X is given by: Q = 4 – P and individual B demand for good X is given by: Q = 8 – 2P. The supply for good X is given by MC = 3. Assume good X is a (pure) private good. ..
Two firms the produce homogenous product : Consider an industry with two firms (duopoly) the produce a homogenous product (same product). The two firms strategically choose their price (price is the choice variable, not quantity). Note, this is a Bertrand duopoly setting. Use your knowledge o..
Creative destruction-porters five forces : What’s the case for minimum wage or not? Creative destruction, Porters five forces.
Pure competition-oligopoly and pure monopoly : Pure competition, Oligopoly, Pure monopoly, monopolistic competition. Describe each and give an example.
Problems with public education lay in the fact : Friedman thought that problems with public education lay in the fact that: Friedman believed that the solution to higher education was different than public education because higher education differs from public education in the fact that: Friedman’s..
Overvalued currency and a fixed exchange rate : Suppose that in response to a severe recession a country with an overvalued currency and a fixed exchange rate does, in fact, move to a floating exchange rate system. This move to a floating exchange rate will cause the exchange rate to:
Make direct investment in countries : A company would want to make a direct investment in countries where the company’s home currency has higher purchasing power because the company should be able to:
Real exchange rate is appreciating-nominal exchange rate : If the real exchange rate is appreciating, the nominal exchange rate can be depreciating as long as:
Why monopsony may apply to nursing labor markets : The labor market for nurses though cyclical often has been characterized by prolonged periods of apparent shortages. One potential explanation for the phenomenon is the monopsony power of hospitals as employers of nurses. Discuss why monopsony may (o..

Reviews

Write a Review

Business Economics Questions & Answers

  The effective tariff rate on the commodity

The principal benefit of tariff protection goes to: A ad valorem tariff provides domestic producers a declining degree of protection against import-competing goods during periods of changing prices. When the production of a commodity does not utilize..

  Q1 you manage a department in a large corporation 2 years

q1. you manage a department in a large corporation. 2 years ago you had 20 workers and produced 40000 units. the

  The black death

The Black Death: In the middle of the fourteenth century, an epidemic known as the Black Death killed about a third of Europe’s population, about 34 million people. Use the production model to explain why wages might have been higher.

  The impact of the government measures on the profit of firms

Assume the government has removed all barriers to entry in an industry where the existing firms are making an economic profit? explain with the use of demand and supply diagram, the impact of the government measures on the profit of firms in the indu..

  Consider the example of moral hazard problem

Consider the example of moral hazard problem when a firm issues bonds/takes loans (in lecture note 9). We have shown that if the a sufficiently large fraction of the project is financed by the firm’s internal funds (in our example, 25%), the firm wil..

  Represents a credit or debit

Indicate whether each of the following represents a credit or debit on the U.S. current account.

  Would it make any sense for him to consume new combination

The only two goods that give Bart utility are soap and calculators. When calculators cost $8 each and soap costs $2 per bar, his optimal consumption bundle is 8 bars of soap and 4 calculators. What is his income? Now the price of soap rises to $3 and..

  What is the breakeven price for the toy truck

the original manufacturer is deciding whether they should continue production of the toy truck. If the estimated demand is $100,000 trucks, what is the breakeven price for the toy truck? Should you shut down?

  Nations marginal propensity to consume

Assume that a nation’s marginal propensity to consume is 0.9, and that its potential GDP exceeds its actual real GDP by $5000. By how much should that nations’ government change taxes in order to completely close that GDP gap?

  Q1 for each of the determinants of demand in equation

q1. for each of the determinants of demand in equation identify an example illustrating the effect on the demand for

  Shutdown point case average variable cost market price lt

shutdown point case average variable cost market price lt average total costnbspif the market price in the above

  Structure of interest rates explain flat yield curve

Which of the following DOES NOT correctly describe how the various theories of the term structure of interest rates explain a "flat" yield curve?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd