This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why should people without children pay some tax to support local schools? What will be an ideal ... (Read 60 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Why should people without children pay some tax to support local schools?
 
  What will be an ideal response?

Question 2

Why would the amount of education provided be inefficient if subsidies to education were not provided?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

Education generates an external benefit. Society as a whole, including people without children, benefits from having better educated citizens. Such a tax provides the funding for a subsidy that helps achieve the efficient amount of education.

Answer to Question 2

Private decision makers consider only private benefits and costs when purchasing education. As a result, the value that all of society places on the last unit of education purchased exceeds the cost of that education. This is not efficient because more education would generate social benefits that exceed social costs. Subsidies can overcome this problem by reducing the private cost of education, thereby leading to a greater quantity of education being provided.


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Wow, this really help

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

A Recently Discovered Member of the Local Group A Recently Discovered Member of the Local Group
Stand over your base of support with the knees straight but not locked. Stand over your base of support with the knees straight but not locked.
Homeschooling has come a long way. These children are performing in a musical at the annual ... Homeschooling has come a long way. These children are performing in a musical at the annual ...
Leadership Activities That Support Intrinsic Motivation in Nurses Leadership Activities That Support Intrinsic Motivation in Nurses
Tall safety stands can be used to provide additional support for the vehicle while on the hoist. Tall safety stands can be used to provide additional support for the vehicle while on the hoist.
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
Video: Introduction to Diabetes

For a complete list of videos, visit our video library