Is education the swiftest method to eliminate poverty. Explain
Evidence points clearly to the conclusion that more education boosts earnings. However, delivering quality education to poor children is no simple matter. Many of them, especially in the inner cities, are ill-equipped to learn and attend schools that are ill-equipped to teach. Dropout rates remain dismayingly high. An astonishing number of youths leave the public school system without even acquiring basic literacy.
In truth, our educational system must serve many goals, and the alleviation of poverty is not the major one. If it were, we would certainly spend more money on pre-school and inner-city children and less on college education than we do today. Furthermore, education is not an effective way to lift adults out of poverty. Its effects are delayed for a generation or more.
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Plain Truth Adverting employs KPR, a large accounting firm, to audit its books each year. This involves considerable expense for the advertising firm, since its sales account managers are very independent and each maintains his separate record-keeping systems. Should the CEO at Plain Truth cancel the audit and rely on a brief year-end summary from each sales account manager? Why or why not?
What will be an ideal response?
If the cross-price elasticity of demand between two goods is negative, what is the relationship between the two goods?
Explain why the government is often more responsive to producer interests than to consumer interests when it comes to the imposition of tariffs and quotas