--%>

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 : Public policies for low-income Fuel

    Fuel stamp programs which subsidize heating oil purchases through low-income households encourage those families to: (w) create more income by working. (x) particularly conserve on their use of fuel. (y) live along with less purchasing power. (z) subs

  • Q : What do you mean by Linkages What do

    What do you mean by Linkages?

  • Q : Common factors influencing capital

    Write down the common factors influencing capital structure?

  • Q : Concepts of Economic system argues by

    For Economic system argues by Adam Smith relies heavily upon all the given concepts EXCEPT: (w) market expansion will be facilitated through capital accumulation. (x) prices will be driven to the lowest point at that production can ev

  • Q : External costs and external benefits

    Explain the impact of external costs and external benefits on resource allocation

  • Q : What is American made in today’s global

    Illustrates how hard it is to define what is “American made” in today’s global economy?

  • Q : Problem on productive contribution

    Suppositions underpinning simple production possibilities frontier models don’t comprise a need that: (i) Net resources are fixed. (ii) All resources are efficiently employed. (iii) Technology is steady. (iv) Resource owners are paid according t

  • Q : How is productivity of labor based

    In Wealth of Nations by Adam Smith, opined that the productivity of labor based primarily on: (w) workers’ education. (x) divisions of labor. (y) technologically advanced machines. (z) suitable wage rates.

    Q : Speculation and intermediary operations

    Transaction costs tend to be decreased, prices to consumers are classically stabilized and lowered, and economy-wide efficiency is generally improved through: (1) rigid wage and price controls. (2) central planning that fosters monopo

  • Q : Example of simultaneous changes in both

    Elucidate an example of simultaneous changes in both supply and demand?