Explain Biden's education expansion proposal. What economic justification does this proposal rely on? What evidence supports his proposal? Suppose Biden's proposal passes, show what the proposal would do to the budget constraint of families with children in the education system. Using your graph, would this proposal have any impact on schools.

Explain Biden's education expansion proposal. What economic justification does this proposal rely on? What evidence supports his proposal? Suppose Biden's proposal passes, show what the proposal would do to the budget constraint of families with children in the education system. Using your graph, would this proposal have any impact on schools.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter1: The Economic Approach

Section: Chapter Questions

Problem 4CQ

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