The NAACP argues that rising prison spending is undermining public education. What do you think of this correlation? Is public spending on the prison system a legitimate priority, even if it involves tradeoffs with other services?

Why does J.K. Galbraith believe that there will be an “inherent tendency” for public services to lag behind private ones?  What is the effect of a robust private sector and an anaemic public one?  How does the “dependence effect” promote this tendency?

What is the meaning of "As it stands today we have too many lawyers in government — many of whom are very smart and decent people — but they are not immune from acting like lawyers. Consequently, we have far too much regulatory legislation. Also, what do many lawyers learn in law school? They learn to win by hook or by crook; it doesn’t matter how you fight as long as you win. Imagine a roomful of Democratic and Republican lawyers, each with one overriding goal to win, and this certainly helps one understand the distasteful partisan politics that characterizes Congress today."— Ben Carson

Demand for medical services is price inelastic (Absolute value of price elasticity of demand is less than 1 and greater than zero). Medical services are different from most other goods and services in that the person who determines the demand (the patient) is not the person who makes the payment (payment is made by the insurance company). How does this affect the price elasticity of demand for medical services (increase it or decrease it)? You may assume that this question only refers to people who have health insurance. Ignore co-payments and deductibles and any other out-of-pocket expenses. Please give an explanation.

How is Dead Weight Loss Calculated & Graphed?

I7

Question 3 options: CBS is selling advertising for its broadcast of the AFC championship game. The station’s demand for minutes of commercial advertising time is the demand it faces from the companies to which it sells advertising time: PADS = 100,000 - 50Q. CBS has MC = $2000. Buyers pay CBS a price PCBS for each minute of advertising and add $1,000 for each ad to cover the tax they pay, so their MCADS= PCBS + 1000. No one has any fixed costs. The profit for CBS is (include dollar sign and any commas, no decimals)

are whistleblower payouts to informants, funded by the federal government due to the Federal False Claims Act, are becoming more and more common?