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The History of Educational Economics

Description: This quiz covers the history of educational economics, from its early origins to its modern developments.
Number of Questions: 15
Created by:
Tags: education economics history
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Who is considered the father of educational economics?

  1. Adam Smith

  2. John Stuart Mill

  3. Alfred Marshall

  4. Gary Becker


Correct Option: D
Explanation:

Gary Becker is widely regarded as the father of educational economics for his pioneering work in applying economic principles to the study of education.

What is the main focus of educational economics?

  1. The role of education in economic growth

  2. The efficiency of educational systems

  3. The impact of education on social mobility

  4. All of the above


Correct Option: D
Explanation:

Educational economics encompasses a wide range of topics, including the role of education in economic growth, the efficiency of educational systems, and the impact of education on social mobility.

What is human capital theory?

  1. A theory that explains how education increases productivity

  2. A theory that explains how education reduces inequality

  3. A theory that explains how education promotes social mobility

  4. A theory that explains how education improves health


Correct Option: A
Explanation:

Human capital theory is a theory that explains how education increases productivity by increasing the skills and knowledge of workers.

What is the signaling theory of education?

  1. A theory that explains how education signals workers' productivity to employers

  2. A theory that explains how education signals workers' social status to employers

  3. A theory that explains how education signals workers' intelligence to employers

  4. A theory that explains how education signals workers' motivation to employers


Correct Option: A
Explanation:

The signaling theory of education is a theory that explains how education signals workers' productivity to employers, thereby increasing their chances of getting hired and earning higher wages.

What is the screening theory of education?

  1. A theory that explains how education screens out less productive workers

  2. A theory that explains how education screens out less motivated workers

  3. A theory that explains how education screens out less intelligent workers

  4. A theory that explains how education screens out less social workers


Correct Option: A
Explanation:

The screening theory of education is a theory that explains how education screens out less productive workers, thereby increasing the average productivity of the workforce.

What is the voucher system?

  1. A system that allows parents to choose the school their children attend

  2. A system that provides financial assistance to students from low-income families

  3. A system that provides financial assistance to students with disabilities

  4. A system that provides financial assistance to students from rural areas


Correct Option: A
Explanation:

The voucher system is a system that allows parents to choose the school their children attend, regardless of their location or income.

What is the charter school movement?

  1. A movement that promotes the creation of independent public schools

  2. A movement that promotes the creation of private schools

  3. A movement that promotes the creation of religious schools

  4. A movement that promotes the creation of home schools


Correct Option: A
Explanation:

The charter school movement is a movement that promotes the creation of independent public schools that are free from many of the regulations that govern traditional public schools.

What is the Common Core State Standards Initiative?

  1. An initiative to develop a set of common educational standards for all states

  2. An initiative to develop a set of common educational standards for all countries

  3. An initiative to develop a set of common educational standards for all schools

  4. An initiative to develop a set of common educational standards for all students


Correct Option: A
Explanation:

The Common Core State Standards Initiative is an initiative to develop a set of common educational standards for all states in the United States.

What is the future of educational economics?

  1. Educational economics will become more focused on the role of education in economic growth

  2. Educational economics will become more focused on the efficiency of educational systems

  3. Educational economics will become more focused on the impact of education on social mobility

  4. Educational economics will become more focused on all of the above


Correct Option: D
Explanation:

The future of educational economics is likely to see a continued focus on all of the above topics, as well as new and emerging areas of research.

What is the main criticism of human capital theory?

  1. It ignores the role of non-cognitive skills in productivity

  2. It assumes that education is the only factor that determines productivity

  3. It ignores the role of luck and discrimination in determining earnings

  4. All of the above


Correct Option: D
Explanation:

Human capital theory has been criticized for ignoring the role of non-cognitive skills in productivity, assuming that education is the only factor that determines productivity, and ignoring the role of luck and discrimination in determining earnings.

What is the main criticism of the signaling theory of education?

  1. It assumes that employers are perfectly informed about the productivity of workers

  2. It ignores the role of non-cognitive skills in signaling productivity

  3. It assumes that education is the only signal of productivity that employers consider

  4. All of the above


Correct Option: D
Explanation:

The signaling theory of education has been criticized for assuming that employers are perfectly informed about the productivity of workers, ignoring the role of non-cognitive skills in signaling productivity, and assuming that education is the only signal of productivity that employers consider.

What is the main criticism of the screening theory of education?

  1. It assumes that employers are perfectly informed about the productivity of workers

  2. It ignores the role of non-cognitive skills in screening out less productive workers

  3. It assumes that education is the only factor that employers consider when screening workers

  4. All of the above


Correct Option: D
Explanation:

The screening theory of education has been criticized for assuming that employers are perfectly informed about the productivity of workers, ignoring the role of non-cognitive skills in screening out less productive workers, and assuming that education is the only factor that employers consider when screening workers.

What is the main criticism of the voucher system?

  1. It creates a two-tiered education system

  2. It leads to increased segregation

  3. It does not improve student outcomes

  4. All of the above


Correct Option: D
Explanation:

The voucher system has been criticized for creating a two-tiered education system, leading to increased segregation, and not improving student outcomes.

What is the main criticism of the charter school movement?

  1. Charter schools are not accountable to the same standards as traditional public schools

  2. Charter schools are more likely to serve students from wealthy families

  3. Charter schools do not improve student outcomes

  4. All of the above


Correct Option: D
Explanation:

Charter schools have been criticized for not being accountable to the same standards as traditional public schools, being more likely to serve students from wealthy families, and not improving student outcomes.

What is the main criticism of the Common Core State Standards Initiative?

  1. The standards are too rigorous

  2. The standards are not aligned with the needs of the workforce

  3. The standards are too focused on testing

  4. All of the above


Correct Option: D
Explanation:

The Common Core State Standards Initiative has been criticized for being too rigorous, not being aligned with the needs of the workforce, and being too focused on testing.

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