6.1 The U.S. Supreme Court ruled in 2002 that schoolvoucher programs do not violate the Establishment Clause

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6.1 The U.S. Supreme Court ruled in 2002 that schoolvoucher programs do not violate the Establishment Clause of the First Amendment, provided that parents, not the state, direct where the money goes.

Education vouchers are increasingly used in various parts of the United States. Suppose that the government offers poor people a $5,000 education voucher, which can be used only to pay for education.

Doreen would be better off with $5,000 in cash than with the education voucher. In a graph, determine the cash value, V, Doreen places on the education voucher (that is, the amount of cash that would leave her as well off as with the education voucher). Show how much education and “all other goods” she would consume with the education voucher or with a cash payment of V.

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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