--%>

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 : How can we evaluate cost of capital How

    How can we evaluate cost of capital?

  • Q : Illustrate the changes in Demand

    Illustrate the changes in Demand, Supply and Equilibrium?

  • Q : High-convexity portfolios outperform

    An important drawback of "traditional yield spread analysis" is the "failure to take into account future interest rate volatility that would affect the expected cash flow" of a fixed income security. How does option adjusted spread analysis correct for the "failure" of traditional yield spread analy

  • Q : Positive Balance of Payments Question:

    Question: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." Briefly comment on this

  • Q : Market Apparent program For the

    For the question below, utilize the given information. The market for gizmos is competitive, with an increasing sloping supply curve and a downward sloping demand curve. With no govt. intervention, the equilibrium price is $25 and the equilibrium quantity is 10,000 gi

  • Q : Describe Traditional approach of

    Briefly describe Traditional approach of capital structure?

  • Q : Perfectly competitive market and its

    Which of the given is not a characteristic of a perfectly competitive market structure: w) there are a very huge number of firms which are small compared to the market. x) All firms sell the same products. y) There are no restrictions to entry through

  • Q : Case study plz find the attachment and

    plz find the attachment and dont compromise on quality,, no similarity n need to be done according to requierment...

  • Q : Fixed or managed exchange rate

    Question: A country with a fixed or managed exchange rate would consider i.___________________ its currency to gain competitive advantage vis-à-vis its trade

  • Q : Illustrate the complex cases when both

    Illustrate the complex cases when both supply and demand shift?