Podcast
Questions and Answers
What is the main focus of the cost benefit approach to educational planning?
What is the main focus of the cost benefit approach to educational planning?
- Prioritizing non-economic benefits of education
- Neglecting the social costs of expanding education
- Maximizing economic benefits in the short term
- Ensuring resources are applied for maximum advantage (correct)
How does the cost benefit approach view education?
How does the cost benefit approach view education?
- As a burden on society
- As an expense with no returns
- As an investment goal generating returns beyond the immediate (correct)
- As a luxury not worth investing in
What does the text suggest is a disadvantage of the cost benefit approach?
What does the text suggest is a disadvantage of the cost benefit approach?
- It promotes all levels of education uniformly
- It underestimates the time required for educational benefits to mature (correct)
- It prioritizes developing countries in its application
- It overemphasizes non-economic benefits
How does the rate of return approach to educational planning determine educational expansion?
How does the rate of return approach to educational planning determine educational expansion?
Why is it mentioned that developing countries find it difficult to apply the cost benefit approach?
Why is it mentioned that developing countries find it difficult to apply the cost benefit approach?
According to Ogunu (2000), what levels of education does the rate of return approach favor promoting?
According to Ogunu (2000), what levels of education does the rate of return approach favor promoting?
What are the four basic steps involved in the rate of return approach to educational planning according to Osareren et al. (2013)?
What are the four basic steps involved in the rate of return approach to educational planning according to Osareren et al. (2013)?
According to Osareren et al. (2013), what does the social rate of return emphasize?
According to Osareren et al. (2013), what does the social rate of return emphasize?
How does education function according to the cost-benefit approach to planning?
How does education function according to the cost-benefit approach to planning?
In educational planning, what is the significance of comparing the rates of investment?
In educational planning, what is the significance of comparing the rates of investment?
What is the primary concern that may lead to reluctance in applying the rate of return approach to educational planning?
What is the primary concern that may lead to reluctance in applying the rate of return approach to educational planning?
How do private rates of return differ from social rates of return in education?
How do private rates of return differ from social rates of return in education?
