--%>
Assignment Help - homework help

Expansion of preschool programs for disadvantaged children

Use the circular flow model to confirm this assertion for an expansion of preschool programs for disadvantaged children?

E

Expert

Verified

This is shown as an increase in goods and services from government to households or as a decrease in net taxes, which is equivalent to an increase in transfer payments.  In either case, this is a redistribution of income or services in favor of the less well off.  As additional teachers are hired and paid, there will be an increase in resources paid by the government.

There will be some reallocation of resources from private enterprise to government and some decrease in unemployment, unless the economy is already at full employment.  In this case, there will some upward pressure on prices since, to the extent the program is a transfer payment, there will be no increase in production.

   Related Questions in Business Economics

  • Q : Distribution of endowments 1. We have

    1. We have discussed the importance of resource endowments and institutions for an economy's successful development. a. In this game, what are the resources that make up the endowments, and what defines a given player's endowment o

    		•
  • Q : Elucidate the various trade which

    Elucidate the various trade which enacted by governments?

    		•
  • Q : Who define economics as a subset of

    Economists who viewed economics like a subset of jurisprudence combined: (1) John Stuart Mill. (2) Alfred Marshall. (3) Karl Marx. (4) William Stanley Jevons. (5) Adam Smith. Hey friends please give your opinion fo

    		•
  • Q : Rise in participation of women in the

    Which two of the six reasons listed in the Last Word do you think are the most important in explaining the rise in participation of women in the workplace? Explain your reasoning.

    		•
  • Q : Regulate prices to ensure against

    Not between exact activities for government to undertake, according to Adam Smith, would be for the government to: (1) maintain public institutions and public works. (2) protect society by invasion. (3) serves as a medium for law and justice. (4) regu

    		•
  • Q : Illustrate the characteristics of the

    Illustrate the characteristics of the Market System?

    		•
  • Q : Effects of that depreciation or

    Would a decline in U.S. consumer income or a weakening of U.S. preferences for foreign products cause the dollar to depreciate or appreciate?  Other things equal, what would be the effects of that depreciation or appreciation on U.S. exports and imports?

    		•
  • Q : Describe World Trade Organization

    Describe World Trade Organization (WTO)?

    		•
  • Q : Describe the term cost of capital

    Briefly describe the term cost of capital and also illustrate out its significance?

    		•
  • Q : Historical process by Adam Smith of

    Writings on the historical process by Adam Smith of economic development do not comprise heavy reliance upon: (1) the development of property rights. (2) self interest. (3) divisions of labor in production processes. (4) innovations d

    		•