Quiz 24

Question 1

If you believe that education is a lottery ticket and that you have to get all the way through high school in order to get richer in the future, parents will discriminate against their kids such that: (check all that apply):

Answer 1

a) They spend money on educating fewer children for a longer period of time.
b) They are biased to invest in certain children based on early yet unreliable predictors of educational success.

Question 2

Base on studies from Burkina Faso, Colombia, and India, parents will invest in the education of their children___.

Answer 2

unequally: they will pick the “smartest”, highest-return child and invest more in that child

Question 3

What seems to be one of the cheapest ways of improving parents’ investment in education?

Answer 3

Providing information on the returns to schooling.

Question 4

What percentage of students complete their education all the way through the 12th grade in developing countries?

Answer 4

20% or less