Should governments force people to be in school? Why or why not?

Resource allocation will be less distorted if taxes are levied on goods and services (including types of labor) that are in inelastic supply—that is, where changes in the price sellers receive does not change supply much. But would this generate a fair system of taxes? What conflicts might arise between the design of a tax system that generates small distortions and one that is equitable?

Answer rating: 100% (QA)

1 EDUCATION is today to a great extent paid for and as a rule directed by administrative bodies or nonbenefit organizations The present circumstance has grown progressively and is currently underestim... View the full answer