Microeconomics

Provide arguments for and against education vouchers. What will be an

Provide arguments for and against education vouchers. What will be an ideal response?   ANSWER Education vouchers are attractive policy options because they introduce competition into the public education system. The hope is that just like in other areas of life, choice and competition will increase the quality of goods provided and lower the cost. […]

Read full post

Date: September 9th, 2020

List two economic reasons why representative democracy makes sense Wh

List two economic reasons why representative democracy makes sense What will be an ideal response?   ANSWER Representative democracy makes economic sense for two reasons. First, having fewer individuals involved in the decision-making process will lower the costs of making decisions. Second, there are benefits from specialization and having some individuals specialize in politics (or […]

Read full post

Date: September 9th, 2020