econ 365 quiz - 11 2. With more school districts there is...

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11 2. With more school districts there is bound to be more competition between districts, which leads to better use of vouchers. The more the merrier. 8. There is a bias in the technique where only those who request vouchers receive them because the vouchers will end up going to more motivated students who are likely to do better in school anyway. A better way of measuring the effectiveness of vouchers would be to give out vouchers to randomly selected students in order to make a perfect sample. 15. Telling students that earning a low income will not affect their ability to pay off student loans may cause them to chose a major that interests them over one that promises a high-paying job after school. 12 3. a) 50,000x.95+.05x30,000=49,000 b) 1,500 4. In general the more people in an insurance pool the cheaper it is for each person in the pool, because more people are sharing the cost of the adverse events that are likely to happen. This is simply an example of how the bigger the group the better. For example if
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This note was uploaded on 04/29/2008 for the course ECON 260 taught by Professor Ward during the Spring '08 term at Lewis & Clark.

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econ 365 quiz - 11 2. With more school districts there is...

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