Nonprice Rationing a. Objectives of rationing i. allocate to those who place highest value on the item ii. Immigration Policy a. Current Policy i. Priority scheme ii. New Policy i. random distribution 13. Cost sharing shifts budget line inward 14. The Economics of Public Schools a.
Household finds consumer equilibrium based on preferences, income and prices b.
Taxes to finance education shift budget line inward 15. The Voucher System a. Students given vouchers which may be redeemed for education i. Voucher system shifts budget line rightward ii. Can consume even more education 16. National Health Care a. Horizontal at after-tax income iii.