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Keyword: socialistthinking

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  • Fair and Balanced (New Zealand High School Public Exam in Economics enforces socialist thinking?)

    11/24/2004 10:00:10 PM PST · by NZerFromHK · 5 replies · 165+ views
    Dog Biting Men ^ | November 24, 2004 | David W Young
    These are two actual questions from a 2004 NCEA Economics Exam worth four credits:The New Zealand government provides 'free'... education at state secondary schools. Explain why this results in a better resource allocation than the free market... And:Explain why using 'free market' policies causes income inequality. Some readers will agree with the underlying assumption present in both questions: free market bad, interventionist government solution good. Some won't. But everyone can agree this world view is hotly contested. And if the question were put the other way around - "Explain how using 'interventionist' policies restrains economic growth" - then the unhappiness...