--%>

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 : Illustrate the term Positive and

    Illustrate the term Positive and Normative Economics?

  • Q : Explain the cause of Trade barriers

    Explain the cause of Trade barriers?

  • Q : Describe redistributive effects of

    Describe redistributive effects of inflation?

  • Q : Production Possibility Curve Production

    Production Possibility Curve: Similar to the individuals, a society as entire has restricted resources. It has to decide what to manufacture with restricted resource

  • 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 : Adopting policy of paying efficiency

    The expected losses to workers by shirking are increased while a firm adopts a policy of: (1) dividing productive tasks therefore the division of labor is optimal. (2) paying efficiency wages that exceed market-clearing wages. (3) avoiding legal liability from not wri

  • Q : Perfect competition and efficiency

    Which of the given describes a condition in which a good or service is produced at the lowest probable cost: w) productive efficiency. x) allocative efficiency. y) marginal efficiency. z) profit maximization Please

  • Q : Competition and the Invisible Hand

    Elucidate: Competition and the “Invisible Hand”?

  • Q : Price competition My friend can't

    My friend can't succeed to get the answer of this question. Give me solution of this question. From a heterodox perspective, why does destructive price competition drive enterprises to set up market institutions which would abolish price competition?

  • Q : Contrast a vertically integrated firm

    Contrast a vertically integrated firm, a horizontally integrated firm, and a conglomerate?