Chapter 11 homework - Chapter 11 homework Exercise 11.1:...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 11 homework Austin DeBoer Exercise 11.1: 3. b. (1) If loans are subsidies to future high-income people are justified, and then factory workers, secretaries, etc would be taxed more to give these subsidies to doctors, lawyers, etc. (2)We do not want factory workers, secretaries, etc. to be taxed more to give subsides to doctors, lawyers, etc.___________________ Subsidized loans to students are unjustified In the first argument, the argument is in a valid form but the argument leaves out the fact that many students would not be able to reach the level of higher education without their loans being subsidized because the interest rates would constantly collect until the student is paying well over the original loan total. If these loans were unsubsidized, the argument becomes pointless because, yes they are making more money in some instance, but not all, but more of it is going to the loans, therefore one can see that it could even itself out over time. (1) Subsidized loans to students are unjustified
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Chapter 11 homework - Chapter 11 homework Exercise 11.1:...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online