Question

Briefly explain how the substitution effect leads to unintended consequences when the government tries to increase education funding.

Answer 1

Many other factors including student poverty, parental education and the way schools are organized,contribute to educationalis results. Opponenets of increased school funding have seized on that ambiguity to argue that for schools money doesnt matter.The real reason private school can perform better is parents less likely to choose to spend funds on educationa since tn they do not believe in((unless its a matter of public perception).The cuits being implemented by the Conservative government is hugely important to voters but government announcements silection havence the general edlection have been dissappointing and will not stop huge cuts hitting school now.The funding problems will be hugely increased for many schools by the governments plans to introduce a National Funding Formulafor schools.