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Business, 15.10.2019 20:00 u8p4

The state of massachusetts recently ran an advertising campaign for the state lottery which claimed: "even when you lose, you win." the gist of the advertise- ment was that lottery revenue was used for particularly good ends like education. suppose that lottery revenues are indeed earmarked for education. what does theory and past evidence suggest about whether lottery revenues will indeed to used to promote education? do you think that loteries are a more effective way of financing education than taxes?

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