Explain the difference between a total resource policy, an input policy and an output policy. Give...
Explain the difference between a total resource policy, an input policy and an output policy. Give an example of one of each type of policy.
Homework Answers
Total resource policy-
These policies help in increasing or decreasing the revenue of
total school. Schools use to choose their expenditures due to which
the impact of spending an additional dollar on each output can be
equalized. The budget constraint is shifted to the right by total
resource policies.
Input based policy-
These policies are used to alter a specific input.
Example- Size of class, sports, mobile phones.
Output-based policy-
These policies help to provide incentives for the schools and
teachers so that output can be increased by setting targets.
Example- Choice of school, a measure of output of
teachers, output policies of a teacher.
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