Answer: by using local property taxes to fund public schools, trapping poor children in poor schools
Explanation: Jonathan Kozol is an American writer, educator, and activist best known for his publications on public education in the United States. In savage inequalities, Kozol pointed out how students from poor family background are trapped in poorly funded schools since public school funding comes from local property taxes which vary widely between communities.
The basis of Kozol's argument is the comparisons between rich and poor school districts, in particular the amount of money spent per child. School districts with relatively wealthy property-owners are spending over $20,000 per year per child while school districts where poor people live spend about $11,000 per year per child.
The pertinent question he asks is whether it is fair or right that the place of one's birth or residence should determine the quality of education a child is entitled to.
Answer:
A binding price floor is set above the equilibrium price as a minimum price
A binding price ceiling is set below the equilibrium price as a maximum price
Equilibrium price is $1.50
a) The government prohibits donut shops from selling donuts for more than $1.10 each = Price ceiling and it is Binding
b) The government has instituted a legal minimum price of $1.80 each for donuts = Price Floor and it is Binding
c) Due to new regulations donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so = Price ceiling and it is non-binding (as firms are wiling to offer higher wages than the minimum wage rate)
Explanation:
Answer: All of the following statements are true regarding a short sale <u>except:</u>
- Legal costs should be lower with a short sale than with foreclosure.
Explanation:
A short sale is when an owner <u>sells his house for less money than he owes </u>in the payment of the property. The homeowner negotiates a discounted payment with his mortgage company without having to arrive with cash to cover the deficit. At the end of a short sale, the mortgage and property liens will be considered satisfied and any foreclosure process will be stopped.
Foreclosures are made by people who really do not have the money and cannot settle small fees. Although this will give you more credit deductions, <u>you will save any fees charged.</u>
