Economics

- Sarah Schaefer Munoz s phrase , Is a Top High School expense the Sacrifice , posted on the Wall Street ledger s website , is an interesting piece that turnes both(prenominal) a relevant affable gain dog and some(prenominal) microeconomic concepts , as well . As a part of a series of articles known as The Juggle , this article sendes some of the common sacrifices that adults redeem to scram in today s society in to remain both financially and socially competitive . The article is interesting because it takes accepted quotes from actual Americans who have had to make the choice between state-supported in lofty spirits schools and top notch high schools for their sisterren , in an onslaught to help their children land a spot in a top collegeThis article is a microeconomic article for a few different reasons Though it does not deal with the specialized numbers associated with the decision between a top high school and a run of the mill school , it does address the elementary economic choice that parents have to make . It addresses the question of whether that choice is a good sacrifice and what benefit it could have for both the parents and students . In addition , this article goes a unyielding way to speaking to the fork up and take away nature that before long exists in the college dynamic . There are only so legion(predicate) spot in top colleges , with many another(prenominal) students competing for those floating policy . That idea , in itself , is a microeconomic one . The many themes presented in this article all relate in some form of fashion to the themes that we have learned in microeconomics olibanum far this semesterThere are quite a few microeconomic themes that apply can be applied in this article . Among them are supply and demand , production possibility frontiers , justice tradeoffs , and a few other broad themes .

Their application is an all-important(a) part of the article , as its general intention is to address the broad economic appeal of sending a child to a top notch high schoolOne of the most basic principles that is applied in this article is the principle of supply and demand . As mentioned before , the competition for spots in top colleges , including Harvard , Princeton , and others , is highly competitive . This is because graduates of those schools are all but guaranteed high paying jobs in a market that is increasingly nonexistent of such jobs . As such , the principle idea of supply and demand applies in this effect . Making the situation an horizontal more complicated on is the fact that the supply is before long growing at a substantially faster lay out than the demand . Though colleges would not mind padding their pockets with more student tuition bills , they can t increase enrollment by a substantial number because it could affect their rankings and the integrity of the pedantic system . The fixed nature of the demand in this case creates a difficult real world situation for many American families , as they scramble to prepare their children for the few spots that are availableIn addition to...If you want to get a adept essay, order it on our website: Ordercustompaper.com

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