--%>
Assignment Help - homework help

Our junior high school serves a splendid hot meal

Comment on the following statement from a newspaper article:  “Our junior high school serves a splendid hot meal for $1 without costing the taxpayers anything, thanks in part to a government subsidy.”

E

Expert

Verified

Obviously the writer is mystified. Government subventions which come from government revenues and taxpayers are the source of tax revenues.  It may be true that local property taxes that fund the junior high school are not being used for the lunches, whereas the federal government’s funds which do come from taxpayers all over the country, with the junior include high those in the town.  Like this example: “There aren’t no such thing as a free lunch!”

   Related Questions in Business Economics

  • Q : Growth is a significant economic goal.

    Growth is a significant economic goal. Explain?

    		•
  • Q : Main economic functions of government

    Enumerate and briefly discuss the main economic functions of government.  Which of these functions do you think is the most controversial?  Why?

    		•
  • Q : Construct a 2-D graph which comprises

    How to construct a 2-D graph which comprises drawing a horizontal and a vertical axis?

    		•
  • Q : Millions of economic resources tend to

    What explains why millions of economic resources tend to get arranged logically and productively rather than haphazard and unproductively?

    		•
  • Q : What are the benefits and costs of

    What are the benefits and costs of Marginalism?

    		•
  • Q : An Inquiry in the Nature and Causes The

    The first comprehensive work upon economics written within English was authored through Adam Smith in 1776 year and entitled that “An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand.” (2) Wealth of Nations.” (3

    		•
  • Q : Circular flow model of the private

    I have a problem in economics on Circular flow model of the private sector. Please help me in the following question. The simple circular flow model of private sector doesn’t comprise: (i) Firms. (ii) Product markets. (iii) Government agencies.

    		•
  • Q : Several determinants of demand besides

    Illustrate the several determinants of demand besides price which affect demand?

    		•
  • Q : Technological advances in producing

    When given resources can now produce additional goods than was previously probable, then there have been a: (1) Stock market boom. (2) Competitive spurt which shrinks entrepreneurial gain. (3) Concavity reversal in the production possibilities frontier. (4) Bigger rel

    		•
  • Q : Illustrate major economic flows that

    Illustrate major economic flows that link U.S. with nations.  Provide an example to illustrate each flow.  Explain the relationship between the top and bottom flows.

    		•