Test Bank Financing Education in a Climate of Change, 13th Edition Vern Brimley A+

1. Which of the following regarding the importance of education to our national economy is a true statement?

1. approximately 25 percent of the population of the United States is involved to some degree in education.
2. the percentage of Gross Domestic Product used for education has been fairly consistent since 1970.
3. approximately 15 percent of the U.S. Gross Domestic Product goes toward all education institutions.
4. education has historically been the smallest public function in the United States.

1. There is a point of diminishing returns in the expenditure of funds for education. Where this point is-in terms of expenditures per pupil-has not yet been determined.

1. True b. False

1. The quality and quantity of educational services are determined largely by the wishes of government officials.

1. True
2. False

1. Consumer sovereignty is the concept that consumers in free-market systems determine what get produced.

1. True
2. False

1. Which of the following philosophers considered government to over govern education?

1. John Maynard Keynes
2. Adam Smith
3. John Kenneth Galbraith
4. Milton Friedman

1. According to the Belfield and Levin, the nation loses $150 billion in combined income and tax revenue with each cohort of 18 year olds who never complete high school.

1. True
2. False

1. Which of the following items is listed as a component for which no figures can be quoted to indicate the economic benefits of education to individuals?

1. broader range of job opportunities
2. growth in vocational alternatives
3. growth in vocational and avocational interests
4. b and c

1. Human capital is essential to the creation of wealth.

1. True
2. False

1. It is clear that the returns on education expenditures are shared by the individual student as private benefits and by society at large as public benefits.

1. True
2. False

1. With regard to education, “high quality” has been able to be defined in terms that are measurable and acceptable.

1. True
2. False

1. Which of the following is not a component of the Marxian educational perspective?

1. free public education
2. education controlled and financed by the central government
3. education provides training in the value systems of the government
4. voucher system for education

1. Schools in the private sector operate under the same set of theories and rules as those in the public sector.

1. True
2. False

1. Which of the following statements reflects the results from research discussed regarding the relationship between achievement and funding?

1. school revenue was found to account for fifty percent of the variations in proficiency test scores.
2. teacher characteristics had no relationship to student performance.
3. the more money schools spend the higher the achievement of students.
4. relationships between spending on education and labor market outcomes is inconclusive.

1. The goals of education have been consistent in the United States since the founding of the republic.

1. True
2. False

1. Which of the following is one of the commonly cited benefits of an education?

1. reduced participation in elections
2. more appreciation for the arts and culture
3. decrease in vocational alternatives
4. greater cultural indifference

Match the following conclusions relating to the cost-quality relationship in education:

1. There a strong or systematic a. Verstegen

relationship between school inputs

and student success

1. Smaller class sizes in the early grades are b. Card and Krueger

associated with high student outcomes

1. Money matters most for children c. Monk

and youth in poverty

1. There are significant relationships between

Spending on education d. Finn and Achilles

and labor market outcomes

1. A teacher’s education is tied to e. Cooper and Associates

positive student outcomes