Question: In order to make college more affordable for students from
In order to make college more affordable for students from families with fewer resources, a government has proposed allowing the student of any family with less than $50,000 in savings to attend public universities for free. Discuss the direct and possible indirect effects of such a policy.
Answer to relevant QuestionsThe country of Adventure land has two citizens, Bill and Ted. Bill has a private legal business. He earns $50 per hour. At a tax rate of 0%, Bill works 20 hours. At a 25% tax rate he works only 16 hours, and at a 40% tax ...The price of a bus trip is $1 and the price of a gallon of gas (at the time of this writing!)is $3. What is the relative price of a gallon of gas, in terms of bus trips? What happens when the price of a bus trip falls to ...Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%. A person can work up to 2,000 hours per year at $8 per hour. a. Draw the person’s budget constraint with the ...Researchers often use panel data (multiple observations over time of the same people)to conduct regression analysis. With these data, researchers are able to compare the same person over time in order to assess the impacts ...You are hired by the government to evaluate the impact of a policy change that affects one group of individuals but not another. Suppose that before the policy change, members of a group affected by the policy averaged ...
Post your question