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17 Cards in this Set
- Front
- Back
two energy characteristics
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tradable good
price afects production and consumption |
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three negative impacts of government energy regulations
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money used to regulate energy is taken away from things that can't be regulated by market
inefficient businesses that end when subsidy ends immoral climate of rent seeking |
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Dealing with Energy externalities through
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defense policy
research policy welfare policy environmental policy |
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goal of environmental policy
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clean air, water, safe food, and visually attractive landscape
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market incentives model 2 strategies
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make existing market arrangements operate better by regulating things such as price
create market in previously untraded good |
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arguments in favor in market incentives 5
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achieves same policy objective at a lower cost
choose technique that best maximize the profits government cannot match the information processing attributes of the market minimizes government intrusion needs less admin. enforcement |
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arguments against an incentives scheme
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determining tax level is hard
still requires some admin. enforcement difficult small businesses more likely to fail some valued goods should not be considered private property assigning prices to natural resources devalues them no morals if only incentives drive people and low political feasibility |
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two principles of US education policy
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education free and universal
local control and state right |
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Serrano v priest (1971)
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found that equal opportunity denied through property taxes funding schools
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Rodriguez v San Antonio (1974)
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stated that right to education not in constitution so fed. govt. has no involvement in schools
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Rossell's conditions for true bilingual education 4
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1. enough students of a single language to fill classroom by combining two grades
2. native tongue with roman alphabet 3. teachers and students all speak same non-english language 4. published textbooks in native tongue for US curriculum |
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Efficiency of English Fluency approaches 4
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1. structured english immersion
2. regular classroom with ESL 3. doing nothing 4. bilingual education |
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human capital theory
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education makes you more productive
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solutions to childcare and preschool 2
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1. subsidized childcare (publci schools have before and after school care on site)
2. universal preschool age 2 |
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solution to confusion over test scores and quality of US education 3
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requires disclaimers on all publications of standardized achievement test results
norm referenced tests criterion referenced tests |
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command and control in education policy 3
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state regulation on hours, curriculum and minimum standards
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market incentives in education policy 5
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magnet, specialty schools, vouchers, school choice, charter schools
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