Question: Using a diagram like Figure 5.2, explain why, under our current method of educational finance, a rich family is much more likely than a poor

Using a diagram like Figure 5.2, explain why, under our current method of educational finance, a rich family is much more likely than a poor family to send its children to a private school.


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The rich family has income Y r the poor family has income Y p where Y r Y p The two families ... View full answer

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