On January 9, 2015, President Obama announced a proposal to make community college free for all...

On January 9, 2015, President Obama announced a proposal to make community college free for all students. What would be the benefit to the economy as a whole resulting from this change? Of the four factors of production (land, labor, capital, and entrepreneurship), which factor would be enhanced by such a program? What would happen to the supply of college-educated labor? Would the demand for college-educated workers change? If so, what changes might occur?

Expert Solution

Rahul Sunny answered 2 years ago

During his presidency, President Obama proposed an increase in unemployment benefits. The proposal includes “new protections...

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