Suppose Government Subsidized the Consumption of Education by Giving Education

question 21

Multiple Choice

Suppose government subsidized the consumption of education by giving education vouchers to parents to spend at the school of their choice.The subsidy would:

• A) shift the private demand curve to the left.
• B) shift the private demand curve to the right.
• C) shift the private supply curve to the right.
• D) shift the private supply curve to the left.

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Definitions:

Cultural Revolution

The Cultural Revolution was a socio-political movement in China, led by Mao Zedong from 1966 until 1976, aimed at preserving Chinese Communism by purging remnants of capitalist and traditional elements from Chinese society.

Great Leap Forward

An economic and social campaign by the Communist Party of China (1958-1962) aimed at rapidly transforming China into a socialist society and increasing industrial and agricultural production.

Communists

Individuals or groups who support or believe in the principles of communism, which is a political and economic ideology advocating for a classless society in which all property and wealth are owned communally.

Private Property

Legal designation for the ownership of property by non-governmental legal entities or individuals, protected by law.