The urban African-American community is decidedly split on the subject of school vouchers, with their leaders comprising some of the most vocal proponents and opponents of increased school competition. Why do you think this split exists?
Answer to relevant QuestionsMany states have constitutional requirements that their budgets be in balance (or in surplus) in any given year, but this is not true for the U.S. federal government. Why might it make sense to allow for deficits in some ...Use utility theory to explain why people ever leave all-you-can-eat buffets. Consider a free market with demand equal to Q = 1,200 – 10P and supply equal to Q = 20P. a. What is the value of consumer surplus? What is the value of producer surplus? b. Now the government imposes a $10 per unit subsidy ...Suppose you are running a randomized experiment and you randomly assign study participants into control and treatment groups. After making the assignments, you study the characteristics of the two groups and find that the ...It is commonly taught in introductory microeconomics courses that minimum wages cause unemployment. The federally mandated minimum wage is $7.25, but approximately12 states have higher state-mandated minimum wages. Why ...
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