What is the controversy surrounding property taxes as a source for school funding?
What will be an ideal response?
The controversy behind school funding appears to be at least partially political. Local property taxes are a major source of revenue for schools. Wealthy communities, with higher property values, are better able to raise revenue than are poor districts, which have less valuable property. Poorer communities may have large areas of urban blight with abandoned buildings, vacant lots, etc. Some court cases have resulted in rulings that seek to equalize funding between districts on the grounds that such inequities in funding deprive children in poorer districts of an equal opportunity to receive a good education.
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Today's forward rate must equal the future spot rate
Indicate whether the statement is true or false
When increases in the demand for food—shown as rightward shifts in the demand curve— are relatively small when compared to the increases in food supply—shown as rightward shifts in the supply curve—equilibrium price
a. rises and equilibrium quantity falls b. falls and equilibrium quantity falls c. rises and equilibrium quantity rises d. falls and equilibrium quantity rises e. and equilibrium quantity stay the same
Your checking account balance would be counted in which measure of money?
A. M1 B. Hard money C. M2 D. It would be counted in both M1 and M2
The substitution effect of a price change is the change in consumption that results from the movement to a new indifference curve
a. True b. False Indicate whether the statement is true or false